The Sharjah government plans to issue USD 540 mn, 6.5-year sustainability bonds, Mubasher reports, citing Reuters. Sharjah tapped Credit Agricole, HSBC, IMI Intesa Sanpaolo, and JP Morgan as joint global coordinators, on the issuance, Reuters said, referencing an arranging document.

This would be the second green bond issuance for the emirate this year: Sharjah closed its USD 750 mn 12-year USD-denominated senior unsecured sustainable bond issuance in March of this year, after tightening their price guidance from an initial spread of 235 basis points (bps) over US treasuries to around 195 bps. The issuance drew some USD 4 bn in orders.

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