Sharjah Islamic Bank gets huge demand for debut AT1

By Lewis McLellan
25 Jun 2019

The order book for Sharjah Islamic Bank’s $500m perpetual non-call six year has exceeded $5bn as investors pile into the first benchmark from the region since the end of May.

The borrower selected Citi, HSBC and Standard Chartered as global coordinators. The first update revealed the leads had received orders of over $3.5bn. The book continued to grow, closing with over $5bn of orders, of which $175m was orders from joint lead managers. The yield ...

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