Published on 3/1/2023 in the Prospect News Emerging Markets Daily, Prospect News Green Finance Daily and Prospect News Investment Grade Daily.
New Issue: Sharjah issues $1 billion 6½% sustainable notes due 2032
Chicago, March 1 – The government of the Emirate of Sharjah, acting through its finance department, issued $1 billion of 6½% sustainable notes due 2032, according to a press release.
The joint lead managers and joint bookrunners for the Rule 144A and Regulation S deal were Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Ltd., First Abu Dhabi Bank PJSC, GIB Capital, HSBC Bank plc, Intesa Sanpaolo SpA, Invest Bank PSC and SMBC Nikko Capital Markets Ltd.
Proceeds are being used for eligible projects.
| Issuer: | Sharjah
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| Amount: | $1. billion
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| Issue: | Sustainable notes
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| Maturity: | 2032
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| Bookrunners: | Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Ltd., First Abu Dhabi Bank PJSC, GIB Capital, HSBC Bank plc, Intesa Sanpaolo SpA, Invest Bank PSC and SMBC Nikko Capital Markets Ltd.
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| ESG agent: | HSBC Bank plc
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| Counsel to issuer: | Clifford Chance
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| Coupon: | 6½%
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| Announcement date: | Feb. 23, 2023
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| Distribution: | Rule 144A and Regulation S
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| Marketing: | Roadshow
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