CBD Raises USD $500 Million in Inaugural Green Bond Issuance

Commercial Bank of Dubai (CBD) is pleased to announce the successful issuance of its inaugural green bond, raising USD $500 million and marking a significant milestone in the bank’s commitment to sustainable finance during the UAE Year of Sustainability.
The five-year bond, with a coupon rate of 5.319%, was priced at 140 basis points over Treasuries. The issuance generated substantial interest from investors following a well-received global road show. The final order book delivered an impressive price tightening of 35 basis points from the initial price thoughts (IPTs), representing the strongest spread tightening this year for a MENA conventional FI issuance.