Chicago, July 29 – The government of the Emirate of Sharjah, acting through its finance department, sold a $750 million offering of 3.2% 10-year trust certificates, according to a final term sheet.
The Regulation S sukuk was issued by Sharjah Sukuk Programme Ltd.
The issue is listed on Euronext Dublin and Nasdaq Dubai.
HSBC Bank plc was the stabilization manager.
| Issuer: | Sharjah Sukuk Programme Ltd.
|
| Issue: | Trust certificates, series 15
|
| Amount: | $750 million
|
| Maturity: | July 13, 2031
|
| Bookrunners: | HSBC Bank plc
|
| Coupon: | 3.2%
|
| Price: | Par
|
| Yield: | 3.2%
|
| Trade date: | July 9
|
| Settlement date: | July 13
|
| Ratings: | Moody’s: Baa3
|
| S&P: BBB-
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
