The Commercial Bank of Dubai (CBD) has successfully issued a $500 million five-year senior unsecured bond with a fixed coupon rate of 4.864%.
Key Details of the Bond
Set to settle on October 10, 2024, the bond will mature on October 10, 2029, and will be listed on the Dublin Stock Exchange. The issuance is part of CBD’s ongoing strategy to diversify its funding sources and strengthen its capital base.
Leading Institutions Involved
Citibank, Commerzbank, Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan Chase, and Standard Chartered have been appointed as bookrunners, highlighting the strong institutional backing behind this bond issuance.
