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English news

25-Sep-2016

UNB hires banks as it looks to issue bond

Union National Bank (UNB.AD) has mandated foreign and domestic banks to arrange meetings with fixed-income investors as it looks to issue a bond. The investor meetings will take place in Asia, Middle East and Europe. A senior unsecured bond issue may follow subject to market conditions. (Bloomberg)   Union Natl. Bank (AD): AED4.15 as of 22 September 2016, Rating: Neutral, FV: AED5.00 per share, MCap: USD3,111mn, UNB UH / UNB.AD

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