Abu Dhabi Commercial Bank hires banks for potential kangaroo bond

ADCB is considering a five-year fixed or floating rate bond, and a 10-year fixed rate senior unsecured transaction.

  
DUBAI - Abu Dhabi Commercial Bank (ADCB) has mandated ANZ and Nomura to arrange a potential multi-tranche bond deal denominated in Australian dollars, one of the banks leading the deal said in a statement on Wednesday.

ADCB is considering a five-year fixed or floating rate bond, and a 10-year fixed rate senior unsecured transaction.

The bonds could be launched in the near future, subject to market conditions, according to the statement.

(Reporting by Davide Barbuscia, editing by Louise Heavens) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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