VOL. XLVI

No 49

8-December-2003

REGIONAL BANKING

UNB Loan Oversubscribed And Increased To $275Mn

Union National Banks (UNB) debut syndicated term loan facility was significantly oversubscribed and as a result the amount was raised from the originally proposed $150mn to $275mn, lead arrangers Arab Banking Corporation (ABC), Citigroup, Commerzbank and Standard Chartered Bank announced on 1 December. They noted that there was broad support from local, regional and international banks, with 27 banks...