15.11.2011 - Abu Dhabi banks tap international bond markets
Abu Dhabi's banks are increasingly trying to diversify their funding base by tapping the international bond market, their activity in recent weeks suggests.In doing so, the banks, backed by the Abu Dhabi government's phenomenal capital strength, may reinforce the global investor perception that they are less risky than some major European banks, say analysts. Earlier this month, Union National Bank (UNB) announced that it had completed a $400 million bond issue.............................................Full Article: Source
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