Bank of Sharjah issues unsecured fixed-rate notes worth US$500 mln
Bank of Sharjah
Sharjah - Arab Today
Bank of Sharjah has issued senior unsecured fixed rate notes totalling U$500 million, for a five-year maturity at mid swaps plus 225 basis points, to yield 4.23 per cent, the lender said in a statement today.
The notes were issued under the bank’s recently-established euro medium term note (EMTN) programme which is listed on the Irish Stock Exchange and rated BBB+ by Fitch.
The notes were sold to a diversified investor base from the Gulf Co-operation Council and Asian and European markets.
The issue was 3.8 times oversubscribed with the book build at one point achieving a total of $1.9 billion in bids, reflecting strong investor interest, following a marketing roadshow which encompassed United Arab Emirates, London, Singapore and Hong Kong, the bank said.
The EMTN issue was jointly lead managed by book runners National Bank of Abu Dhabi - Abu Dhabi, Arab Banking Corporation - Bahrain, Emirates NBD Capital–Dubai and JP Morgan Securities plc–DIFC, it said.
The transaction settles on 7th March, 2017, and the notes mature on 7th March, 2022.
The proceeds will be utilised by the bank to finance ongoing business.
GMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 18:36 2017 Wednesday ,29 November
Islamic banking assets surge 6 percent to AED535 billionGMT 12:46 2017 Tuesday ,28 November
Ministry of Finance announces VP's signing of VATGMT 13:38 2017 Monday ,27 November
ADX holds second annual forum for listed companies this yearGMT 09:51 2017 Sunday ,26 November
RAKBANK introduces new savings deposit account
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 09:54 2018 Wednesday ,24 January
'Friendly and kind' N. Korean skaters
GMT 05:17 2024 Wednesday ,07 February
Amazon to open first cashierless shop
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 22:00 2016 Thursday ,08 September
Assad forces crack down on suicide group in As-Suwayda countryside
GMT 10:08 2018 Wednesday ,24 January
Microsoft to open 4 data centres
GMT 01:24 2017 Monday ,20 March
It is time to hurry with VAT preparations across GCC
GMT 10:55 2017 Thursday ,31 August
Labour reforms 'ambitious, balanced, fair'
GMT 07:25 2017 Monday ,18 September
GM to recall 2.5 mn vehicles in China over Takata airbags
GMT 08:13 2017 Sunday ,22 January
ADCB win Euromoney prize
GMT 10:54 2013 Saturday ,05 October
Cyrus infamous twerking performance at the MTV
GMT 03:02 2017 Thursday ,16 February
Unruly passenger forces PIA plane to land
GMT 14:38 2014 Tuesday ,25 March
17 killed in 2 attacks in Afghanistan
GMT 09:09 2016 Monday ,22 August
'Marvellous' Rio flames out
GMT 15:16 2016 Sunday ,25 December
Bird Flu in S. Korea Culls over 22 Million PoultryGMT 13:35 2012 Thursday ,31 May
9 ways to sexually arouse your man
GMT 17:32 2017 Friday ,06 January
Leadership's initiatives are rooted in
GMT 18:35 2016 Thursday ,08 September
Tunisia calls for ban on Hizb ut-Tahrir
GMT 07:20 2012 Monday ,05 November
1 NATO soldier dies in Afghanistan
GMT 02:41 2016 Tuesday ,22 November
MP questions environment minister over water hyacinth
GMT 18:31 2016 Monday ,10 October
Hurricane Kills 15 People in the US
GMT 01:24 2016 Tuesday ,13 December
Assad forces control 90% of Aleppo
GMT 13:46 2017 Monday ,04 September
Barzani calls supporters to vote for independence of Kurdistan
GMT 14:27 2017 Saturday ,11 February
Zambia's access to information bill ready
GMT 10:23 2016 Wednesday ,13 July
McIlroy and co braced for Troon test in British Open
GMT 17:50 2012 Thursday ,09 August
Afghan soldier killed in attack on NATO troops
GMT 07:23 2015 Wednesday ,25 February
Firing squads, blast walls in Somalia
GMT 19:00 2015 Saturday ,21 February
Explosions at hotel in Somali capital, heavy gunfire
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor