Published on 9/29/2016 in the Prospect News Emerging Markets Daily.
New Issue: Abu Dhabi's Union National Bank prices $600 million 2¾% notes due 2021 at 99.592
By Christine Van Dusen
Atlanta, Sept. 29 – Abu Dhabi’s Union National Bank PJSC priced $600 million 2¾% notes due in 2021 at 99.592 to yield Treasuries plus 172.3 basis points, a market source said.
ANZ, Commerzbank, HSBC, Mizuho, National Bank of Abu Dhabi and Standard Chartered Bank were the bookrunners for the Regulation S deal.
| Issuer: | Union National Bank PJSC
|
| Amount: | $600 million
|
| Maturity: | 2021
|
| Description: | Notes
|
| Bookrunners: | ANZ, Commerzbank, HSBC, Mizuho, National Bank of Abu Dhabi, Standard Chartered Bank
|
| Coupon: | 2¾%
|
| Price: | 99.592
|
| Spread: | Treasuries plus 172.3 bps
|
| Trade date: | Sept. 28
|
| Distribution: | Regulation S
|
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