Dubai – Mubasher: Commercial Bank of Dubai (CBD) has issued a senior unsecured green bond valued at $500 million for five years.

The issuance will be settled on 14 June 2023 and will mature on 14 June 2028, according to a bourse filing.

During the first quarter (Q1) of 2023, the DFM-listed lender logged net profits amounting to AED 575.22 million, marking a 33.40% year-on-year (YoY) surge from AED 431.33 million.

Total operating income hiked by 44% to AED 1.23 billion as of 31 March 2023 from AED 858.87 million in Q1-22. Meanwhile, the basic and diluted earnings per share (EPS) increased to AED 0.19 from AED 0.14.