Commercial Bank of Dubai is preparing to close the chapter on a $600 million debt issuance, signalling an early exit from the perpetual securities it floated in 2020.
The lender confirmed it will activate the call option attached to its additional tier 1 instruments, paving the way for redemption later this month. The securities are scheduled to be bought back on April 21, 2026, bringing the perpetual bonds to an end.
Following the repayment, the bank plans to seek the removal of the instruments from trading venues, with delisting requests set to be submitted to both Euronext Dublin and Nasdaq Dubai.
No explanation was offered for the decision, leaving market watchers to interpret the move as part of broader capital management or balance-sheet strategy adjustments. The redemption will effectively retire the notes and conclude their presence in the secondary market.
