Sharjah starts marketing 10-year dollar Islamic bonds
- Last updated: October 16, 2019 | 12:44
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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.
Reuters