The bank said in a disclosure published on the Dubai Financial Market website, on Friday, that these bonds will be settled on October 10, 2024, and their maturity date will be October 10, 2029.
A bank document seen by Reuters showed, on Thursday, that… Commercial Bank of Dubai Partly owned by the state-owned Investment Corporation of Dubai, it raised $500 million from the sale of five-year bonds.
The document, from one of the banks participating in arranging the issuance, stated that the return price on the bonds reached 125 basis points above US Treasury bonds, which is less than the initial indicative price of 145 basis points, after the value of orders exceeded 875 million dollars.
