Emirate of Sharjah starts marketing 10-yr dollar sukuk

  • Thursday 17, October 2019 12:29 PM
  • Emirate of Sharjah starts marketing 10-yr dollar sukuk
Sharjah24 – Reuters: Sharjah, the third-largest emirate of the United Arab Emirates, started marketing a 10-year dollar sukuk, or Islamic bonds, at around 185 basis points over midswaps, a document showed.
HSBC is coordinating the transaction, which is expected to close later on Wednesday.

The bonds are expected to be of benchmark size, which generally means upwards of $500 million.