Sunday 24 July 2011

Abu Dhabi's UNB mandates 4 banks for bond -sources | Reuters

Union National Bank jointly owned by the governments of Abu Dhabi and Dubai, has picked four banks for investor meetings ahead of a potential dollar bond issue, two sources said on Sunday.

HSBC Holdings , Standard Chartered Plc , Citigroup and Deutsche Bank (DBKGn.DE) have been mandated for a Reg S deal, one banker familiar with the matter said.

'We have the plan but the exact timing of the roadshows are not yet finalised,' a UNB executive said, confirming that the lender had mandated banks for the potential sale.

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