Abu Dhabi – Mubasher: Union National Bank (UNB) has issued five-year maturity bonds worth $500 million.

The bank has offered the bonds at an indicative price of 135 basis points, according to Al Khaleej Newspaper.

Moreover, investors’ purchasing orders for the bonds have exceeded $900 million.

Given that UNB’s profits rose by 5% year-on-year to AED 1.66 billion in 2017, compared to AED 1.58 billion a year earlier.