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Abu Dhabi’s UNB says no mandates given for bond sale

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 - Reuters

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July 26, 2011 11:49 by



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. (Reporting by Stanley Carvalho; Editing by Amran Abocar)



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