New Issue: Sharjah sells $1.25 billion offering of notes due 2033, 2051

Chicago, April 5 – The government of the Emirate of Sharjah, acting through its finance department, sold a $1.25 billion two-part Rule 144A and Regulation S offering of notes (Baa3/BBB-), according to final term sheets.

Included in the offering were $750 million of 3 5/8% notes due March 10, 2033. The notes were issued at par.

Additionally, the government sold $500 million of 4 3/8% notes due 2051. The tranche priced at 94.036.

Arab Banking Corp. BSC, Citigroup Global Markets Ltd., Emirates NBD Bank PJSC, HSBC Bank plc, Mashrequbank psc and Standard Chartered Bank were managers for the deal.

Issuer:	Sharjah
Issue:	Notes
Amount:	$1.25 billion
Bookrunners:	Arab Banking Corp. BSC, Citigroup Global Markets Ltd., Emirates NBD Bank PJSC, HSBC Bank plc, Mashrequbank psc and Standard Chartered Bank
Trade date:	March 8
Settlement date:	March 10
Ratings:	Moody’s: Baa3
	S&P: BBB-
Distribution:	Rule 144A and Regulation S
2033 notes
Amount:	$750 million
Issue:	Notes, series 2
Maturity:	March 10, 2033
Coupon:	3 5/8%
Price:	Par
Yield:	3 5/8%
Trade date:	March 8
2051 notes
Amount:	$500 million
Issue:	Notes, series 3
Maturity:	March 10, 2051
Coupon:	4 3/8%
Price:	94.036

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