Abu Dhabi – Mubasher: Union National Bank on Thursday announced that it has finalised issuing a $500 million five-year bond with a yield of 4% at 99.61% issue price.

The issued medium-term bonds go under Euro medium-term note (EMTN) programme, which is listed on the Luxembourg Stock Exchange, according to a filing to Abu Dhabi Securities Exchange (ADX).

The ADX-listed lender mandated Australia and New Zealand Banking Group, Commerz Bank, First Abu Dhabi Bank, HSBC Middle East, Mizuho International and Standard Chartered Bank to issue these bonds.