Invest Bank is proud to have supported the Government of Sharjah raise a $1 billion 30- year Formosa bond, its first non-Islamic benchmark bond and the first under a Global Medium Term Note programme. The offer received $3.7 billion in orders, predominantly from international #investors, which resulted in a highly-competitive pricing of 4%. Other banks participating in the issuance, which will be listed on Euronext Dublin, Nasdaq Dubai and Taipei Exchange, included Citi, Emirates NBD Capital, HSBC, JPMorgan and Standard Chartered.
Lloyd Maddock, #CEO of Invest Bank, commented: “We are proud that Invest Bank has played a significant role in arranging the Government of Sharjah’s first conventional bond. Working on this landmark issuance represents a major achievement for our team, and shows that we have the network of partners, experience and expertise to deliver high-value structured finance solutions to prominent sovereign and corporate clients.”