Sharjah USD750m 3.625% March 33 USD500m 4.375% March 51

By Mariam Meskin
04 Mar 2021

Rating: Baa3/BBB-

Tranche 1: $750m Reg S/144A

Maturity: 10 March, 2033

Issue/reoffer price: 100

Coupon: 3.625%

Yield: 3.625%

Spread at reoffer: 215.5bp over US Treasuries

Tranche 2: $500m Reg S/144A

Maturity: 10 March, 2051

Issue/reoffer price: 94.036

Coupon: 4.375%

Yield: 4.750%

Spread at reoffer: 249.8bp over US Treasuries

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