by Amruth Sundarkumar | Jul 20, 2022 | Credit Ratings, Sovereign Bonds, Sovereigns
Sharjah was downgraded to Ba1 from Baa3 by Moody’s with its outlook changed from negative to stable. Sharjah’s fiscal deterioration started in 2017 and aggravated in 2020 due to the pandemic’s impact and increased spending. The rating agency expects further...
by bondevalue | Mar 5, 2021 | Investment Grade Bonds, Sovereign Bonds
The Emirate of Sharjah raises $1.25bn via new bonds priced on Thursday. It raised: $750mn via 12Y bonds at a yield of 3.625%, 215.5bp over Treasuries and 25bp inside initial guidance of 3.875% $500mn via 30Y bonds at a yield of 4.75%, 249.8bp over Treasuries and 25bp...
by bondevalue | Mar 3, 2021 | Investment Grade Bonds
Two of the seven UAE emirates are lining up Euro/Dollar bonds. The Emirate of Abu Dhabi wealth fund Mubadala is planning a dual tranche offering denominated in euros through its Mamoura Diversified Global Holding and the Emirate of Sharjah is looking at an issuance of...
