CBD prices $550 million additional Tier 1 perpetual non-call 6-year capital securities

Dubai — Commercial Bank of Dubai (CBD) has priced a $550 million Additional Tier 1 (AT1) perpetual non-call 6-year capital securities issuance at a fixed rate of 6.625%. The transaction forms part of CBD’s capital management framework, consistent with Basel III regulatory capital requirements, and is intended to support the Bank’s growth while maintaining capital ratios in excess of UAE Central Bank regulatory minimums. Citigroup and Standard Chartered Bank acted as Joint Structuring Agents and