Sharjah hires banks for 30-year Formosa bonds - document

Sharjah hired Citi, Emirates NBD Capital, HSBC, Invest Bank, JPMorgan and Standard Chartered to arrange an investor call on Monday, to be followed by the issuance

  
Image used for illustrative purpose. Businessman applying for a loan at a bank teller.

Image used for illustrative purpose. Businessman applying for a loan at a bank teller.

Getty Images

DUBAI  - Sharjah, the third-largest emirate of the United Arab Emirates, has hired banks to arrange the issuance of U.S. dollar-denominated 30-year Formosa bonds, a document showed on Monday.

Sharjah hired Citi, Emirates NBD Capital, HSBC, Invest Bank, JPMorgan and Standard Chartered to arrange an investor call on Monday, to be followed by the issuance, subject to market conditions, the document from one of the banks arranging the deal showed.

Formosa bonds are sold in Taiwan by foreign borrowers and are denominated in currencies other than the Taiwanese dollar.

(Reporting by Yousef Saba; Editing by Muralikumar Anantharaman) ((Yousef.Saba@thomsonreuters.com; +971562166204))

More From Markets