Monday 28 July 2014

UNB says no mandates given for bond sale

Abu Dhabi, July 26, 2011

Abu Dhabi's Union National Bank said on Tuesday it has not mandated banks for a bond issue and would consider a sale only when market conditions allowed.

The lender, which is jointly owned by the governments of Abu Dhabi and Dubai, issued a statement to the Abu Dhabi stock exchange.     

Reuters reported on Sunday that the lender had picked four banks for investor meetings ahead of a potential bond issuance, citing two sources.  - Reuters

Tags: abu dhabi | UNB | Union National Bank |

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