Sharjah leads question Ras Al-Khaimah concession

The Emirate of Sharjah opened books on a 10 year debut sukuk on Tuesday morning with the aim of pricing a benchmark deal on Wednesday. Some investors are expecting the issuer to price back of main comparable Ras Al-Khaimah (RAK), but Sharjah’s superior credit quality means a premium over RAK may not be necessary, said a debt banker on the deal.