Union National Bank’s debut US$150mn three-year term loan has closed oversubscribed for the Abu Dhabi bank.
The borrower may take an increase. The margin is 42.5bp over Libor.
Mandated lead arrangers are Arab Banking Corp, Citigroup (bookrunner), Commerzbank (bookrunner) and Standard Chartered (bookrunner). Banks were invited to participate at two levels, US$10mn for 30bp and US$5mn-US$10mn for 25bp.