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Sharjah talks $500 million offering of five-year sukuk at mid-swaps plus 190 bps area
By Christine Van Dusen
Atlanta, Sept. 1 – The Emirate of Sharjah set talk in the mid-swaps plus 190 basis points area for a $500 million offering of Islamic bonds due in five years, a market source said.
Initial talk was set in the mid-swaps plus 205 bps area.
HSBC, Citigroup, Standard Chartered, Emirates NBD, First Gulf Bank, Dubai Islamic Bank, Kuwait Finance House and Bank ABC are the bookrunners for the Regulation S deal.
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