Public Finance

Sharjah makes sukuk debut

Sharjah makes sukuk debut

  • Emirate raises US$750mn in 10-year paper.
     
  • Deal heavily oversubscribed, attracting US$7.85bn of orders from 250 investors.
     
  • HSBC, Kuwait Finance House, National Bank of Abu Dhabi, Sharjah Islamic Bank and Standard Chartered arranged the sale.