By Mary Katherine Stinson
Lexington, Ky., Dec. 20 – The government of the Emirate of Sharjah, with Sharjah Sukuk Programme Ltd. as issuer, issued $750 million of 6.092% trust certificates with a scheduled dissolution date of March 19, 2034 (Ba1/BBB-), according to an offering document.
The Regulation S trust certificates were issued at par on Sept. 19.
Standard Chartered Bank was the bookrunner.
| Issuer: | Sharjah Sukuk Programme Ltd.
|
| Obligor: | Sharjah
|
| Amount: | $750 million
|
| Issue: | Trust certificates, series 27, tranche 1
|
| Maturity: | March 19, 2034
|
| Bookrunner: | Standard Chartered Bank
|
| Trustee: | Sharjah Sukuk Program Ltd.
|
| Coupon: | 6.092%
|
| Price: | Par
|
| Yield: | 6.092%
|
| Settlement date: | Sept. 19
|
| Ratings: | Moody’s: Ba1
|
| S&P: BBB-
|
| Distribution: | Regulation S
|
| ISIN: | XS2680379695
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