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UNB closes five year loan
- United Arab Emirates: Sunday, December 10 - 2006 at 16:35
The Union National Bank has closed its five year syndicated term facility after extending it to $1bn, following strong interest. The Arab Banking Corporation, the Bank of Tokyo-Mitsubishi, Citibank, Commerzbank, ING Bank and Raiffeisen Zentralbank Osterreich Aktiengesellschaft were the underwriters and initial mandated lead arrangers. Support for the facility came from regional banks as well as from Europe, North America and Asia, with a total of 35 banks involved.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 10 - 2006 at 16:35 UAE local time (GMT+4)
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This article was updated on Sat Jan 13 2007.
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