More Kangaroo activity with ADB's new five-year

Asian Development Bank (AAA/Aaa/AAA) (ADB) surprised the market on May 6 with a A$375 million (US$282.6 million) new five-year Kangaroo bond. The deal was the first new Kangaroo line priced since the same issuer brought its last five-year transaction in March last year and the first deal of that tenor since International Finance Corporation (AAA/Aaa) tapped its 2013 in June 2008.