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Emerging MarketsEM Middle East

Sharjah pushes maturity profile out amid volatile backdrop

AdobeStock_UAE_euro_575x375_02March2021

On Wednesday, the Emirate of Sharjah sold a $1.25bn dual tranche bond. Though the issuer conceded that market conditions were not "perfect", given sustained volatility in US Treasuries, this week’s deal allowed the state to extend its credit curve.

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