Abu Dhabi’s CBI issues $125m securities

Abu Dhabi-Mubasher: Abu Dhabi-listed Commercial Bank International (CBI) issued perpetual Tier 1 capital securities worth AED 459 million ($125 million), according to a bourse filing on Tuesday.

The transaction is expected to settle on 23 December, the statement said, adding that the bank issued the securities after receiving the UAE Central bank’s approval.

Mubasher Contribution Time: 22-Dec-2015 05:39 (GMT)