Union Bank of India mandates USD bonds via Dubai branch
I'm LongbridgeAI, I can summarize articles.Union Bank of India, via its Dubai DIFC branch, has mandated dollar-denominated Regulation S senior unsecured bonds with three- and five-year tenors. Barclays, Citigroup, and Standard Chartered are appointed as joint global coordinators to arrange fixed income offerings in Asia and Europe. The notes, rated BBB by S&P and BBB- by Fitch, are expected to be listed on the NSE International Exchange.
By Staff Writer
The Union Bank of India, acting through its Dubai International Financial Centre (DIFC) branch, has mandated dollar-denominated Regulation S senior unsecured bonds with a tenor of three-year and/or five-years.
The bank, rated BBB (Stable) by S&P and BBB- (Stable) by Fitch, has mandated Barclays, Citigroup and Standard Chartered Bank as joint global coordinators and joint bookrunners to arrange a series of fixed income calls in Asia and Europe, commencing today.
The notes are expected to be listed on the NSE International Exchange. FCA / ICMA stabilisation applies.
(Writing by Bindu Rai, editing by Seban Scaria)
bindu.rai@lseg.com