Commercial Bank of Dubai shareholders reject $750 mln Tier 1 bond plan

September 13, 2015 9:07 AM

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DUBAI, Sept 13 Shareholders of Commercial Bank of Dubai (CBD) have rejected a proposal to issue $750 million in capital-boosting perpetual bonds, the bank said on Sunday.

The proposal was rejected by 39.24 percent of shareholders present at the meeting, the statement said, without detailing the level of approval that would have been required to approve the plan.

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