Sharjah slices through Ras Al-Khaimah comp

The Emirate of Sharjah is on track for a tightly priced benchmark deal having drawn over $4bn in orders for its first ever sukuk. Aggressive guidance has eliminated any hope of a premium over fellow emirate Ras Al-Khaimah (RAK), which some buyers had expected. But such was Middle East liquidity that investors would still happily lap up the deal, they said.