Australian Dollar Medium Term Note (Kangaroo) Programmes
This guide provides an overview for issuers of the structure, process and documentation required for establishing an Australian dollar medium term note programme and issuing Kangaroo bonds in the Australian debt capital markets. Australian dollar medium term notes (AMTNs) are bonds denominated in Australian dollars, settled through the Austraclear clearing system and governed by Australian law, offering non-Australian issuers a cost-effective route to diversifying their funding base.
Covering the key aspects of debt issuance programme establishment, including wholesale bond issuance, information memorandum requirements, dealer agreements, regulatory and AFSL considerations, listing on the ASX, programme documentation, parties, cost and timing, this guide is a practical resource for corporate and financial institution issuers looking to access the Australian bond market.
The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.