Bank of Sharjah has priced a $500 million senior unsecured bond in the international markets, attracting orders that peaked at $1.4 billion, nearly three times the bond’s issuance size. The bonds have a five-year tenor with a 5.25% annual coupon.
The issuance followed global investor calls and a physical roadshow in Dubai and London. Strong demand allowed the bank to tighten pricing by 25 basis points from the initial price guidance.
“Despite a period of heightened volatility, driven by various economic and geopolitical factors, we were able to secure significant investor interest, reflecting strong confidence in our new strategy and the bank’s financial stability and growth,” said Mohamed Khadiri, CEO of Bank of Sharjah.
