United Arab Emirates Senior Unsecured Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-united-arab-emirates-non-callable
United Arab Emirates Senior Unsecured Non-Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.73%, fitted curve 12M–30Y (5.20%–6.23%), 34 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 12M | 5.20% | — |
| 18M | 5.22% | 5.26% |
| 2Y | 5.24% | 5.30% |
| 3Y | 5.29% | 5.38% |
| 4Y | 5.34% | 5.49% |
| 5Y | 5.39% | 5.62% |
| 7Y | 5.52% | 5.84% |
| 8Y | 5.59% | 6.08% |
| 9Y | 5.66% | 6.23% |
| 10Y | 5.73% | 6.36% |
| 15Y | 6.02% | 6.59% |
| 20Y | 6.16% | 6.59% |
| 25Y | 6.22% | 6.43% |
| 30Y | 6.23% | 6.32% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.24% and the 10-year 5.73%, a 10Y−2Y spread of +49 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-03-05 |
|---|---|---|---|---|---|---|
| 2Y | 5.24% | 5.15% | 5.04% | 4.77% | 4.96% | 4.24% |
| 10Y | 5.73% | 5.40% | 5.68% | 5.40% | 5.68% | 5.04% |
| 10Y − 2Y | +49 bp | +25 bp | +64 bp | +63 bp | +72 bp | +80 bp |
Yields by rating group
The same curve split by credit quality: 44 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.27%, A+ to BBB- 5.70%, Speculative 5.54%.
Bonds in this curve
A selection of 30 of the 45 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| First ABU Dhabi Bank Pjsc | 4.70% | 2027-10-13 | 5.12% | XS2539374673 |
| Oztel Holdings SPC LTD | 5.54% | 2028-04-24 | 6.62% | XS1805476659 |
| First ABU Dhabi Bank Pjsc | 5.28% | 2028-04-24 | 4.38% | XS2580013386 |
| First ABU Dhabi Bank Pjsc | 5.26% | 2028-06-06 | 4.77% | XS2615919284 |
| Commercial Bank of Dubai PSC | 5.56% | 2028-06-14 | 5.32% | XS2633553933 |
| ABU Dhabi Commercial Bank Pjsc | 5.25% | 2028-07-18 | 5.38% | XS2651081304 |
| DP World Limited | 5.69% | 2028-09-26 | 4.85% | XS1883963990 |
| Mdgh Gmtn (RSC) LTD | 5.32% | 2029-04-19 | 3.75% | XS1598828298 |
| The National Bank of RAS AL-Khaimah PSC | 5.68% | 2029-07-25 | 5.38% | XS2765600262 |
| Adnoc Murban RSC LTD | 5.29% | 2029-09-11 | 4.25% | XS2898198358 |
| ABU Dhabi Crude OIL Pipeline LLC | 5.25% | 2029-11-02 | 3.65% | XS1709529520 |
| ABU Dhabi National Energy Company Pjsc | 4.98% | 2030-04-23 | 4.88% | XS1808738212 |
| ABU Dhabi Developmental Holding Company Pjsc | 5.25% | 2030-05-06 | 4.50% | XS3061310101 |
| First ABU Dhabi Bank Pjsc | 5.26% | 2030-09-10 | 4.38% | XS3096211076 |
| Arab Bank FOR Investment and Foreign Trade | 5.70% | 2031-01-29 | 5.11% | XS3280434757 |
| ABU Dhabi Developmental Holding Company Pjsc | 5.37% | 2031-10-02 | 4.38% | XS2907161363 |
| ABU Dhabi National Energy Company Pjsc | 5.29% | 2031-10-09 | 4.38% | XS2911044019 |
| DP World Limited | 5.99% | 2033-09-13 | 5.50% | XS2677631355 |
| Adnoc Murban RSC LTD | 5.42% | 2034-09-11 | 4.50% | XS2898198432 |
| ABU Dhabi Developmental Holding Company Pjsc | 5.58% | 2035-05-06 | 5.00% | XS3061312909 |
| DP World Limited | 5.93% | 2035-05-08 | 5.50% | XS3066663124 |
| ABU Dhabi National Energy Company Pjsc | 5.36% | 2036-10-27 | 6.50% | US00386SAB88 |
| ABU Dhabi National Energy Company Pjsc | 5.65% | 2037-03-09 | 4.75% | XS2911046147 |
| DP World Limited | 6.48% | 2037-07-02 | 6.85% | XS0308427581 |
| Mdgh Gmtn (RSC) LTD | 5.87% | 2041-11-01 | 6.88% | XS0701227075 |
| DP World Limited | 6.44% | 2048-09-25 | 5.62% | XS1883879006 |
| DP World Limited | 6.36% | 2048-09-25 | 5.62% | US23330JAB70 |
| ABU Dhabi National Energy Company Pjsc | 6.06% | 2049-10-03 | 4.00% | XS2060897506 |
| Adnoc Murban RSC LTD | 6.24% | 2054-09-11 | 5.12% | XS2898198515 |
| ABU Dhabi Developmental Holding Company Pjsc | 6.25% | 2054-10-02 | 5.25% | XS2907245208 |