Sharjah Govt. hires banks for 10.5-yr sukuk issue - document

GIB Capital

11/09/2023 09:19

Sept 11 (Reuters) - Government of Sharjah is planning to
issue 10.5-year U.S. dollar-denominated sukuk following investor
meetings on Monday, a bank document showed.     
    The government has mandated Standard Chartered Bank as sole
global coordinator, while ADCB, Bank ABC, Dubai Islamic Bank,
Emirates NBD Capital, GIB Capital, HSBC And Sharjah Islamic Bank
will act as joint lead managers and bookrunners.
    An issuance of benchmark-sized fixed rate senior unsecured
Islamic bonds would follow subject to market conditions, the
document from one of the arranging banks said.

 (Reporting by Md Manzer Hussain, Editing by Louise Heavens)
 ((MdManzer.Hussain@thomsonreuters.com;))