National Bank of Abu Dhabi (NBAD) (A+/Aa3/AA-) mandated a new five-year Kangaroo transaction on February 27, in what KangaNews data suggests will become not only the first Kangaroo from an Abu Dhabi issuer but also just the second from a borrower in the Middle East. Emirates Bank International priced A$250 million (US$255.6 million) of three-year notes in November 2006.
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