Sharjah’s $750 Million Sukuk Draws Strong Investor Demand

• The sukuk attracted $2.6 billion in orders, reflecting investor confidence in Sharjah’s creditworthiness
• Final pricing at 140 basis points over US Treasuries highlights the robust international interest

Bank of Sharjah served as a Joint Lead Manager in the successful issuance of a $750 million, 10.5-year US dollar-denominated sukuk (Shariah-compliant bond) for the UAE’s government of Sharjah, in collaboration with several local and international banks, according to Emirates News Agency.