Sharjah pushes maturity profile out amid volatile backdrop

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Emerging Markets
EM Middle East

Sharjah pushes maturity profile out amid volatile backdrop

Mariam Meskin
March 04, 2021 04:30 PM
AdobeStock_UAE_euro_575x375_02March2021
A surgical mask with the flag of United Arab Emirates on a variety of european banknotes.(series) | /eyegelb - stock.adobe.com

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.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Standard CharteredUnited Arab EmiratesMiddle EastCitiEmerging MarketsEMEAHSBCEM Middle EastGCCMiddle East Bonds
MM
Mariam Meskin
Gift this article