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Thursday, 22 September 2016

UAE lender UNB mandates banks ahead of potential bond issue | Reuters

UAE lender UNB mandates banks ahead of potential bond issue | Reuters:

"Union National Bank (UNB), 50 percent owned by the Abu Dhabi government, said on Thursday it had mandated six banks as joint lead managers and bookrunners to arrange a series of meetings with fixed income investors.

It said a senior unsecured bond issue under the bank's euro medium term note (EMTN) programme may follow, subject to market conditions.

The mandated banks were Australia and New Zealand Banking Group, Commerzbank, HSBC Bank Middle East, Mizuho International, National Bank of Abu Dhabi and Standard Chartered, it said in a statement."



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