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The Government of Sharjah has opened books for a USD benchmark 10.5-year sukuk, with initial price thoughts (IPTs) in the UST+145 basis points area.
The issuance under Sharjah Sukuk Programme Limited comes a year after the emirate raised $750 million through a sukuk priced at T+140 bps.
(Writing by Brinda Darasha; editing by Daniel Luiz)
