{"id":100576,"date":"2025-02-11T00:00:00","date_gmt":"2025-02-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/sharjah-govt-issues-eur-500-mn-bonds-with-order-book-3-5x-oversubscribed\/"},"modified":"2025-02-11T00:00:00","modified_gmt":"2025-02-11T00:00:00","slug":"sharjah-govt-issues-eur-500-mn-bonds-with-order-book-3-5x-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/02\/11\/sharjah-govt-issues-eur-500-mn-bonds-with-order-book-3-5x-oversubscribed\/","title":{"rendered":"Sharjah gov\u2019t issues EUR 500 mn bonds, with order book 3.5x oversubscribed"},"content":{"rendered":"

The<\/strong> Sharjah government has issued a EUR 500 mn, seven-year bond<\/strong>, pricing it at a 4.698% yield after tightening by 30 basis points (bps) from initial price guidance, Wam<\/a> reports. Strong investor demand led to 3.5x oversubscription, with 71% of orders coming from outside the MENA region, particularly from the UK, Europe, and the US.<\/p>\n

REFRESHER- <\/strong>The EUR 500 mn issuance consists of no-grow, fixed-rate Regulation S senior unsecured bonds maturing in February 2032, and is part of Sharjah\u2019s Global Medium Term Note Program. The Sharjah government began stabilization <\/span>last week<\/a>, which will continue until 14 March. The bonds will be listed on the London Stock Exchange and Nasdaq Dubai, with proceeds allocated for general budgetary purposes<\/span><\/p>\n

REMEMBER- <\/strong>Sharjah previously issued two sustainability-linked bonds in 2024: a EUR 500 mn sustainability bond in July<\/a> attracting EUR 2.2 bn in orders under its Sovereign Sustainable Financing Framework, and a USD 750 mn green bond in March<\/a>, also receiving strong demand. Both issuances saw pricing tighten significantly. <\/p>\n

ADVISORS- <\/strong>The Bank of Sharjah acted as a joint lead manager, marking its first participation in a EUR-denominated issuance, alongside other international and regional lenders.<\/p>\n","protected":false},"excerpt":{"rendered":"

71% of demand came from investors outside the MENA region<\/p>\n","protected":false},"author":1,"featured_media":100577,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[844,1388,68,7,1390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-bank-of-sharjah","tag-bonds","tag-debt-watch","tag-enterpriseam-uae","tag-sharjah","wpautop","entry"],"acf":{"mongo_id":"b74f6404-0e5e-4997-9104-cec9738957f0","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2504.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sharjah gov\u2019t issues EUR 500 mn bonds, with order book 3.5x oversubscribed","related_issue":[100569],"teaser":"71% of demand came from investors outside the MENA region","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.07e96dbe-b7ce-4d37-b68f-c4608614fb0f.mp3"},"yoast_head":"\nSharjah gov\u2019t issues EUR 500 mn bonds, with order book 3.5x oversubscribed - 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