The Financial Post reports in its Friday edition Quebec has joined Manitoba, Ontario and British Columbia raising funds in Australia's Kangaroo bond market over the past month. A Bloomberg dispatch to the Post says Quebec sold $100-million (Australian) of 4.2 per cent Kangaroo notes due in March, 2025, at a yield 87.5 basis points above Australian sovereign securities, according to TD Securities, which managed the sale along with Royal Bank of Canada's capital markets unit. The Kangaroo bond market attracts issuers from around the world including commercial banks and highly rated borrowers such as development lenders and provincial governments. Issuers from Germany's KFW to the European Investment Bank and Kommunalbanken AS are among those that have taken advantage of buyers' appetite for longer-dated paper this year. Tom Irving, the Singapore-based head of TD Securities' Asian debt syndicate, told Bloomberg, "There's been good, ongoing demand for high-quality bonds around the 10-year part of the curve and investors have been looking at some of the less frequent issuers like the Canadian provinces." Quebec's A+ rating at Standard & Poor's is below those of the other three provinces that have issued.