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CBD to issue first-ever bond
- United Arab Emirates: Tuesday, May 07 - 2013 at 05:19
Commercial Bank of Dubai (CBD) plans to issue its first dollar-denominated bond, taking advantage of attractive pricing on the back of returning investor confidence in the emirate, Reuters has reported. A possible benchmark-sized bond may follow, subject to market conditions. Benchmark-sized bond issues are typically at least $500m in size. The issue will help the bank to capitalise on business opportunities and will enable it to benefit from an improving economic cycle in the UAE, said CBS chief executive, Peter Baltussen.
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