Another Middle East Kangaroo priced as ADCB prints A$250 million [UPDATED]

Abu Dhabi Commercial Bank (ADCB) (A/A+) priced its inaugural five-year Australian dollar bond issue on May 21. According to KangaNews data, ADCB is the fourth United Arab Emirates-origin borrower to issue a Kangaroo deal in 2014 – and the third debut issuer.