Kangaroo market reopens for Middle East borrowers
Abu Dhabi Commercial Bank is set to come to market for a potential triple tranche kangaroo bond on Friday, following a deal from Emirates NBD that, according to a banker at one of ADCB’s leads, showed the market was still accessible to Middle Eastern borrowers.
ADCB has mandated ANZ and Nomura to run the books for the multi-tranche kangaroo bond. The Middle Eastern bank is looking to sell five year tranches with fixed and floating legs as well as a 10 year fixed rate tranche.
The leads circulated initial price thoughts
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.