GulfBase Live Support
09/03/2018 04:57 AST
Union National Bank (UNB) said it has closed a 5 year bond issue for $500 million (Dh1.8 billion) with a coupon of 4 per cent and at issue price of 99.6 per cent.
UNB mandated Australia and New Zealand Banking Group, Commerz Bank, First Abu Dhabi Bank, HSBC Middle East, Mizuho International and Standard Chartered Bank for the bond issue under its Euro medium term note program which is listed on Luxembourg Stock Exchange.
UNB shares, which are listed on the Abu Dhabi Securities Exchange, were flat at Dh3.98.
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Union National Bank said on Monday it has received regulatory approval from the Securities and Commodities Authority to act as a general clearing member.
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Union National Bank (UNB), 50 per cent owned by the Abu Dhabi government, has begun operations at its branch in Shanghai, becoming the first bank from the United Arab Emirates to operate a branch in
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