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Sharjah govt starts selling its 10.5-year sukuk – document

The Government of Sharjah has given initial price guidance of around 220 basis points over U.S. Treasuries for its dollar-denominated 10.5-year Islamic bonds maturing in March 2034, a bank document showed on Tuesday.

An issuance of benchmark-sized, fixed rate senior unsecured sukuk would follow subject to market conditions, the document from one of the arranging banks said.

Link:  https://www.zawya.com/en/islamic-economy/islamic-finance/sharjah-govt-starts-selling-its-105-year-sukuk-document-uxe0y34u

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