CBD issues $600m Additional Tier 1 perpetual bonds
- Date: 22-Oct-2020
- Source: Mubasher
- Sector:Financial Services
- Country:UAE
CBD issues $600m Additional Tier 1 perpetual bonds
The bonds have attracted a quality order book of more than $1.4bn
22 October 2020 03:58 PM
Dubai - Mubasher: Commercial Bank of Dubai (CBD) has issued a $600 million Additional Tier 1 perpetual non-call six-year bonds, according to the bank's disclosure to the Dubai Financial Market (DFM) on Thursday.
To be listed on the Euronext Dublin and Nasdaq Dubai, the bonds have attracted a quality order book of more than $1.4 billion from over 100 investors.
The bonds were issued at a price of 6%, which is the lowest coupon from the CBD to dates.
The issuance will help the bank to further explore future business opportunities in