Abu Dhabi-Mubasher: Union National Bank (UNB) mandated six banks as joint lead managers and bookrunners to arrange a series of meetings with fixed-income investors on its behalf, according to a bourse statement.
The assigned banks are Australia and New Zealand Bank Group, Commerzbank, HSBC Bank Middle East, Mizuho International, National Bank of Abu Dhabi (NBAD) and Standard Chartered Bank.
A senior, unsecured bond issue under the bank’s euro medium term note programme (Reg S) may follow, subject to suitable market conditions.
The bank’s stock rose 0.50% to AED 4.06 by 11:37am UAE time, with a turnover of AED 462,380 from the exchange of 114,350 shares.
