Sharjah to price $250 million add-on to 3.234% sukuk due 2029

By Marisa Wong

Los Angeles, Oct. 28 – Sharjah Sukuk Programme Ltd., acting on behalf of the Government of Sharjah, plans to price a $250 million tap issue of its 3.234% sukuk due Oct. 23, 2029, according to a notice.

Dubai Islamic Bank, HSBC, Sharjah Islamic Bank and Standard Chartered Bank are the managers.

Sharjah originally issued $750 million of the 10-year sukuk in 2019.

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