Abu Dhabi’s Union National Bank talks dollar five-year notes at mid-swaps plus 140 bps area

By Rebecca Melvin

New York, March 6 – Abu Dhabi’s Union National Bank PJSC plans to price a dollar-denominated five-year benchmark note to yield mid-swaps plus 140 basis points, according to a market source.

The Regulation S notes were initially talked in the mid-swaps plus 150 bps area.

ANZ, Commerzbank, First Abu Dhabi Bank, HSBC, Mizuho and Standard Chartered Bank were the bookrunners for the deal.

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