Sharjah sets initial price guidance on a 10-year sukuk at 120bp area over mid-swaps
Sharjah has announced initial price guidance of 120bp area over mid-swaps for a US dollar benchmark-sized 10-year sukuk. That follows initial price thoughts of low-mid 100s over mid-swaps, released earlier on Tuesday. Demand for the bond, which is expected to price on Wednesday, is more than US$4bn. HSBC, KFH Investment, National Bank of Abu Dhabi, Sharjah Islamic Bank and Standard Chartered are the lead managers on the Reg S sukuk.
Syndicate
