Abu Dhabi lender Union National Bank, may raise medium-term debt to partly repay a $1 billion term-loan maturing in December, its bond prospectus showed.
The bank, which held roadshows in Abu Dhabi and Dubai on Sunday for the potential benchmark dollar-bond issue, ahead of investor meets in Asia and Europe, is testing market appetite for regional debt amid a charged global economic backdrop.
UNB, jointly owned by the governments of Abu Dhabi and Dubai, signed a $1bn syndicated five-year loan facility with regional and international banks in December 2006.
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