Kangaroo, Panda, Dim Sum: Foreign Bond Sales Hit Records Across Asia
Foreign borrowers are flooding into Asia-Pacific bond markets. So-called Kangaroo, panda, and dim sum bond sales all hit records in 2026.
Kangaroo bonds, sold in Australian dollars by foreign borrowers, reached about 42 billion US dollars this year. That is a 40% jump from 2025, per LSEG data cited by Reuters.
Hong Kong and Yuan Bond Debuts Hit Records
Hong Kong dollar bond issuance has also hit a record high in 2026. Commerzbank, Engie, and Singapore Airlines sold Australian dollar or yuan bonds for the first time this year, Reuters reported.
Chinese onshore panda bonds and offshore dim sum bonds also hit records in the first half of 2026. Panda bond sales reached about 160 billion yuan, or 24 billion US dollars. Dim sum sales hit 350 billion yuan.
Both figures mark gains of more than 60% from a year earlier, according to Goldman Sachs data cited by Reuters. International borrowers accounted for about half of that volume.
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