United Arab Emirates Senior Unsecured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-united-arab-emirates
United Arab Emirates Senior Unsecured Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.93%, fitted curve 12M–30Y (5.25%–6.41%), 46 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 12M | 5.25% | — |
| 18M | 5.27% | 5.36% |
| 2Y | 5.28% | 5.40% |
| 3Y | 5.32% | 5.48% |
| 4Y | 5.37% | 5.62% |
| 5Y | 5.44% | 5.82% |
| 6Y | 5.52% | 6.08% |
| 7Y | 5.61% | 6.39% |
| 8Y | 5.71% | 6.74% |
| 9Y | 5.82% | 7.09% |
| 10Y | 5.93% | 7.39% |
| 15Y | 6.29% | 7.64% |
| 20Y | 6.39% | 7.13% |
| 25Y | 6.41% | 6.71% |
| 30Y | 6.41% | 6.57% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.28% and the 10-year 5.93%, a 10Y−2Y spread of +64 bp — positively sloped — as of 2026-09-10. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.28% | 5.18% | 5.07% | 5.12% | 4.87% | 4.94% | 4.59% |
| 10Y | 5.93% | 5.76% | 5.62% | 5.55% | 5.56% | 5.77% | 5.34% |
| 10Y − 2Y | +64 bp | +59 bp | +55 bp | +43 bp | +69 bp | +83 bp | +75 bp |
Yields by rating group
The same curve split by credit quality: 69 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.36%, A+ to BBB- 5.83%, Speculative 5.59%.
Bonds in this curve
A selection of 30 of the 70 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| First ABU Dhabi Bank Pjsc | 4.67% | 2027-10-13 | 5.12% | XS2539374673 |
| Oztel Holdings SPC LTD | 5.59% | 2028-04-24 | 6.62% | XS1805476659 |
| ABU Dhabi National Energy Company Pjsc | 5.28% | 2028-04-29 | 2.00% | XS2333388184 |
| First ABU Dhabi Bank Pjsc | 5.41% | 2028-06-06 | 4.77% | XS2615919284 |
| Commercial Bank of Dubai PSC | 5.46% | 2028-06-14 | 5.32% | XS2633553933 |
| ABU Dhabi Commercial Bank Pjsc | 5.30% | 2028-07-18 | 5.38% | XS2651081304 |
| DP World Limited | 5.79% | 2028-09-26 | 4.85% | XS1883963990 |
| Mdgh Gmtn (RSC) LTD | 5.34% | 2029-04-19 | 3.75% | XS1598828298 |
| The National Bank of RAS AL-Khaimah PSC | 5.83% | 2029-07-25 | 5.38% | XS2765600262 |
| Adnoc Murban RSC LTD | 5.27% | 2029-09-11 | 4.25% | XS2898198358 |
| ABU Dhabi National Energy Company Pjsc | 5.27% | 2030-04-23 | 4.88% | XS1808738212 |
| ABU Dhabi Developmental Holding Company Pjsc | 5.30% | 2030-05-06 | 4.50% | XS3061310101 |
| First ABU Dhabi Bank Pjsc | 5.32% | 2030-09-10 | 4.38% | XS3096211076 |
| ABU Dhabi Ports Company Pjsc | 5.53% | 2031-05-06 | 2.50% | XS2338173680 |
| ABU Dhabi Developmental Holding Company Pjsc | 5.46% | 2031-10-02 | 4.38% | XS2907161363 |
| ABU Dhabi National Energy Company Pjsc | 5.49% | 2031-10-09 | 4.38% | XS2911044019 |
| DAE Funding LLC | 5.83% | 2033-01-15 | 4.95% | US23371DAM65 |
| ABU Dhabi National Energy Company Pjsc | 5.49% | 2033-04-24 | 4.70% | XS2600248335 |
| Adnoc Murban RSC LTD | 5.53% | 2034-09-11 | 4.50% | XS2898198432 |
| ABU Dhabi Developmental Holding Company Pjsc | 5.61% | 2035-05-06 | 5.00% | XS3061312909 |
| DP World Limited | 5.95% | 2035-05-08 | 5.50% | XS3066663124 |
| DP World Limited | 5.75% | 2035-05-08 | 5.50% | US260979AA70 |
| ABU Dhabi National Energy Company Pjsc | 5.87% | 2036-10-27 | 6.50% | XS0272949016 |
| ABU Dhabi National Energy Company Pjsc | 5.75% | 2037-03-09 | 4.75% | XS2911046147 |
| Mdgh Gmtn (RSC) LTD | 6.07% | 2041-11-01 | 6.88% | XS0701227075 |
| DP World Limited | 6.91% | 2048-09-25 | 5.62% | XS1883879006 |
| ABU Dhabi National Energy Company Pjsc | 6.30% | 2049-10-03 | 4.00% | XS2060897506 |
| Mdgh Gmtn (RSC) LTD | 6.37% | 2049-11-07 | 3.70% | XS2075924048 |
| Adnoc Murban RSC LTD | 6.39% | 2054-09-11 | 5.12% | XS2898198515 |
| ABU Dhabi Developmental Holding Company Pjsc | 6.39% | 2054-10-02 | 5.25% | XS2907245208 |