Published on 1/20/2016 in the Prospect News Emerging Markets Daily.
New Issue: Sharjah prices $500 million 3.839% notes due 2021 at 250 bps spread
By Christine Van Dusen
Atlanta, Jan. 20 – The Emirate of Sharjah priced a $500 million issue of 3.839% notes due in 2021 at mid-swaps plus 250 basis points on Wednesday, matching initial talk, a market source said.
HSBC was the global coordinator and Bank of Sharjah, Barclays, Commerzbank, Dubai Islamic Bank, HSBC and Sharjah Islamic Bank were the joint lead managers and bookrunners for the Regulation S deal.
| Issuer: | Emirate of Sharjah
|
| Amount: | $500 million
|
| Maturity: | 2021
|
| Description: | Islamic bonds
|
| Bookrunners: | HSBC, Bank of Sharjah, Barclays, Commerzbank, Dubai Islamic Bank, Sharjah Islamic Bank
|
| Coupon: | 3.839%
|
| Spread: | Mid-swaps plus 250 bps
|
| Trade date: | Jan. 20
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 250 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
