CBD completes its USD 600 mn AT1 reset
CBD has issued fresh AT1 paper at 6.625% after redeeming its 2020 capital securities
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CBD has issued fresh AT1 paper at 6.625% after redeeming its 2020 capital securities
Operating income slipped 0.6% y-o-y to AED 1.44 bn in 2Q
The AT1 replaces the AT1 redeemed in April 2020
Ajman Bank priced its debut AT1 at 6.50% overnight, while Commercial Bank of Dubai just mandated its own benchmark
Plus: UAE closed out 2025 with AED 17.4 bn budget surplus + DP World meets with bond investors as EUR…
Stronger core income supported both lenders, even as impairment costs rose during a volatile quarter
The debt delist comes as banks brace for a liquidity crunch
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