New Issue: Sharjah adds $150 million to sukuk trust certificates due 2034

By Mary Katherine Stinson

Lexington, Ky., Dec. 20 – The government of the Emirate of Sharjah added $150 million more of its 6.092% trust certificates with a scheduled dissolution date of March 19, 2034, according to a market source.

The trust certificates will be consolidated and form a single series with the existing $750 million of trust certificates issued on Sept. 19.

The priced at 101.55 plus 89 days’ accrued periodic distribution totaling $2,259,117 to yield 5.887%.

Issuer:	Sharjah Sukuk Programme Ltd.
Obligor:	Sharjah
Amount:	$150 million
Issue:	Trust certificates, series 27, tranche 2
Maturity:	March 19, 2034
Trustee:	Sharjah Sukuk Program Ltd.
Coupon:	6.092%
Price:	101.55
Yield:	5.887%
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Ratings:	Moody’s: Ba1
	S&P: BBB-
Distribution:	Regulation S
ISIN:	XS2680379695
Total issue:	$900 million, including $750 million issued on Sept. 19

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