IFLR1000

Bank of Sharjah $500 million 4.23% bond issue

7/3/2017
Investment grade bond/note issue
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$ 500 million

Completed

7/3/2017

Overview:

  • United Arab Emirates lender Bank of Sharjah issued a $500 million bond under its recently launched $1 billion EMTN programme.  
  • The notes were listed on the Irish Stock Exchange, have a coupon of 4.23% and mature in 2022.
  • Bank of Sharjah sold its debut international bond in 2015. 
  • The National Bank of Abu Dhabi, Bank ABC, Emirates NBD Capital, and JP Morgan were joint lead managers on the bond issue. 

Ben Nyalor - Regional editor

Jurisdictions:

Ireland
United Arab Emirates

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

England and Wales
Cayman Islands

Industry sector:

Banking

Firms:
Allen & Overy

Party: Arab Banking Corporation (Dealer, Joint lead manager)

Party: Emirates NBD (Dealer, Joint lead manager)

Party: JP Morgan Securities (Dealer, Joint lead manager)

Party: National Bank of Abu Dhabi (Arranger, Joint lead manager)

Lawyer: Anzal Mohammed

Dentons

Party: Bank of Sharjah (Issuer)

Lawyer: Alex Roussos

Maples Group

Party: Bank of Sharjah (Issuer)

Lawyer: Manuela Belmontes

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