Union Bank Announces US$600 Million Dual-Tranche Notes Due 2029 And 2031

Union Bank announced a US$600 million senior unsecured dual-tranche note issuance through its DIFC Branch, comprising US$300 million each due 2029 and 2031, carrying 5.230% and 5.417% coupons. Notes are expected to receive BBB/BBB- ratings and fund DIFC operations and general corporate purposes. Context: finalizes the previously proposed benchmark funding.