Sharjah prices flat to curve with 10 year
The Emirate of Sharjah shrugged of any concerns about broader volatility in emerging markets on Wednesday, to price a 10 year sukuk flat to its curve.
HSBC, global co-ordinator and bookrunner, and bookrunners Dubai Islamic Bank, Emirates NBD Capital, Sharjah Islamic Bank and Standard Chartered gave initial price thoughts at 185bp over mid-swaps.
The leads priced the $750m 10 year deal at 155bp over mid-swaps, after moving in from 165bp guidance.
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