Sharjah mandates for Formosa trade

By Mariam Meskin
13 Jul 2020

The Emirate of Sharjah has mandated banks for a dollar Formosa bond. Some say the market is becoming an increasingly popular one for emerging market issuers to tap.

The 30 year senior unsecured dollar 144A/RegS Formosa bond is expected to be sold exclusively to Taiwanese investors, some say. A global investor call is being held on Monday. 

The trade is being done through the Sharjah Finance Department, which is rated Baa2/BBB by Moody's and S&P respectively. 

HSBC is ...

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