Emirate of Sharjah, USD 1bn 4% July 50

  • By Ross Lancaster
  • 15 Jul 2020

Rating: Baa2/BBB

Amount: $1bn Formosa 144A/Reg S senior unsecured

Maturity: 28 July 2050

Issue/reoffer price: 100

Coupon: 4%

Spread at reoffer: 272.3

Launched: Tuesday, July 14

Payment date: Tuesday, July 28

Joint books: Citi, HSBC, Standard Chartered


Borrower’s comment: 

We have been active in public markets for about six years now and most of our issuance to date has ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 42.88 185 8.74%
2 JPMorgan 38.30 176 7.81%
3 HSBC 35.95 243 7.33%
4 Standard Chartered Bank 26.54 176 5.41%
5 Goldman Sachs 25.86 92 5.27%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11.51 43 13.17%
2 Goldman Sachs 9.24 31 10.58%
3 BofA Securities 8.53 36 9.75%
4 Citi 8.49 28 9.71%
5 Santander 7.35 29 8.41%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 20.06 54 11.85%
2 JPMorgan 17.96 58 10.62%
3 Standard Chartered Bank 13.12 50 7.76%
4 Deutsche Bank 11.25 28 6.65%
5 HSBC 10.41 48 6.15%

EMEA M&A Revenue

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 0.20 50 10.55%
2 Goldman Sachs 0.16 37 8.77%
3 Morgan Stanley 0.14 46 7.64%
4 Bank of America Merrill Lynch 0.11 33 6.18%
5 Citi 0.10 35 5.16%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 ING 1.57 13 8.92%
2 Credit Agricole CIB 1.53 7 8.68%
3 MUFG 1.24 5 7.08%
4 Sumitomo Mitsui Financial Group 1.16 8 6.61%
5 UniCredit 1.04 10 5.91%

Bookrunners of India DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Trust Investment Advisors 2.91 66 10.65%
2 ICICI Bank 2.10 55 7.69%
3 Punjab National Bank 1.85 50 6.77%
4 AK Capital Services Ltd 1.80 46 6.56%
5 HDFC Bank 1.79 46 6.54%