By Sean Cronin
Commercial Bank of Dubai publishes its prospectus for Euro Medium Term Note Programm.
Commercial Bank of Dubai (CBD) is preparing to sell as much as $2 billion in bonds as the lender moves into the home loans market.
The bank, which is 20 percent-owned by the Dubai government, published its prospectus for a Euro Medium Term Note Programme on Tuesday, according to a London Stock Exchange regulatory filing.
CBD has appointed banks that include BNP Paribas and HSBC to help arrange the sale.
CBD is the 13th-largest lender in the UAE and plans to start offering Islamic banking services this month.