Sharjah sets talk for dollar sukuk at mid-swaps plus 250 bps area

By Christine Van Dusen

Atlanta, Jan. 19 – The Emirate of Sharjah set initial talk in the mid-swaps plus 250 basis points area for a dollar-denominated offering of Islamic bonds due in five years, a market source said.

HSBC is the global coordinator and Bank of Sharjah, Barclays, Commerzbank, Dubai Islamic Bank, HSBC and Sharjah Islamic Bank are the joint lead managers and bookrunners for the Regulation S deal.

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