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NBAD plans Kangaroo bonds sale

National Bank of Abu Dhabi (NBAD) has said it plans to sell Kangaroo bonds, the lender’s second foray into the Australian dollar-denominated debt market, as it diversifies its investor base, Bloomberg has reported. NBAD is selling bonds in currencies from the Mexican peso to Malaysia’s ringgit to tap wider investor pools. Last year, the UAE’s second-biggest lender by assets raised A$300m ($271m) from Kangaroo bonds and sold 15-year so- called Uridashi bonds denominated in Mexican pesos to Japanese retail investors.