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UAE's Union National Bank says plans to raise $500 mln 3-yr loan

Union National Bank, 50 percent owned by the Abu Dhabi government, has picked five banks to raise a $500 million three-year syndicated loan, it said in a statement on Thursday. The fifth-largest lender on the Abu Dhabi exchange by assets has mandated Commerzbank, First Gulf Bank, HSBC, National Bank of…

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