Emirate of Sharjah hires banks for dual-tranche bonds


DUBAI – The Emirate of Sharjah has hired banks to arrange an issue of dollar-denominated dual-tranche bonds, a document showed on Tuesday.

BBank ABC, Citi, Emirates NBD Capital, HSBC, Mashreq and Standard Chartered will hold fixed-income investor calls starting on Tuesday, the document from one of the banks showed.

A benchmark issue comprising 12-year and 30-year bonds will follow, subject to market conditions.

(Reporting by Yousef Saba; Editing by Kevin Liffey) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))