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Sharjah appoints banks for dual-tranche bonds

Sharjah appoints banks for dual-tranche bonds
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Dubai – Mubasher: The UAE’s Sharjah has appointed banks to arrange an issue of dollar-denominated dual-tranche bonds, Reuters said on Tuesday citing a document.

BBank ABC, Citi, Emirates NBD Capital, HSBC, Mashreq, and Standard Chartered have held fixed-income investor calls starting as of 2 March 2021.

A benchmark issue comprising 12-year and 30-year bonds will follow as per market conditions.