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Commercial Bank launches $500mn bond at new price benchmark
Commercial Bank has successfully launched a senior unsecured five-year bond worth $500mn at a new price benchmark. The transaction was launched at the set spread of +175 bps over five-year Mid Swaps and priced at a coupon rate of 2% and yield of 2.083%. The issue was also oversubscribed 3.8…
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Click here to read the full story: Gulf Times