CBD to issue five-year USD-denominated bonds: The Commercial Bank of Dubai (CBD) is set to issue five-year USD-denominated bonds following an investor meeting yesterday, Argaam reports, citing a bank document.

The details: The issuance is expected to be benchmark-sized, at a minimum of USD 500 mn.

ADVISORS- Citibank, Commerzbank, Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan Chase, and Standard Chartered have been appointed as bookrunners.

Background: The bank last tapped debt markets in 2023 with its inaugural USD 500 mn green bond issuance, which was 3x oversubscribed.

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