Bank of Sharjah prices USD 500 Mn senior unsecured bond

November 12, 2025 / 11:25 PM

Sharjah 24: Bank of Sharjah successfully priced a USD 500 million senior unsecured bond in the international markets. The issuance received an exceptional response from global investors, with orders peaking at over USD 1.8 billion, or a 3.6x oversubscription. The bonds carry a five-year tenor from the date of issuance, with a coupon of 4.875% per annum.

Following a comprehensive marketing campaign that included global investor calls and a physical roadshow in Dubai and London, the Bank achieved a price tightening of 30 basis points from initial guidance, reflecting strong and broad-based investor demand from both international and regional markets. This successful issuance underlines Bank of Sharjah’s solid credit profile and its continued ability to access international capital markets on competitive terms.

Commenting on the successful completion of this deal, Mohamed Khadiri, CEO of Bank of Sharjah, said: “Despite a period of heightened market volatility driven by various economic and geopolitical factors, as well as competing issuances, we successfully secured strong investor demand. This demonstrates continued confidence in our turnaround strategy, financial resilience, and growth prospects.”

He added: “Being our sixth foray into the public international capital markets, this new issuance allowed us to further strengthen our relationship with existing investors while attracting new participants from across the region and globally.”

Mr. Damian White, Chief Treasury Officer at Bank of Sharjah, expressed his satisfaction with the outcome stating: “This new bond issue marks an important milestone in the transformation of Bank of Sharjah. Our objective was to diversify our investor base while ensuring that the pricing reflected the Bank’s improved financial performance under its renewed strategic direction. The final terms compare very favorably with past issuances and lay a solid foundation for future access to capital markets. We are grateful for the strong support of our Joint Lead Managers and legal advisors, whose collaboration contributed significantly to the success of this deal.”

Bank of Sharjah was advised by Arqaam Capital, Bank ABC, Bank of Bahrain and Kuwait, Emirates NBD Capital, First Abu Dhabi Bank, Goldman Sachs International, IMI-Intesa Sanpaolo, Kamco Invest, and Standard Chartered Bank.