Bank of Sharjah has successfully priced a US$500 million senior unsecured bond in the international markets, marking a strong vote of confidence from global investors in the bank’s financial strength and strategic direction.
The five-year issuance, carrying a coupon rate of 4.875% per annum, attracted orders exceeding US$1.8 billion, representing a 3.6x oversubscription. The robust demand enabled the Bank to tighten pricing by 30 basis points from the initial guidance, reflecting the success of its global marketing campaign that included investor calls and roadshows in Dubai and London.
This latest issuance underscores Bank of Sharjah’s solid credit profile and its sustained ability to access global capital markets on competitive terms.
“Despite heightened market volatility and competing issuances, we secured strong investor participation, underscoring confidence in our turnaround strategy, financial resilience, and growth outlook,” said Mohamed Khadiri, CEO of Bank of Sharjah.
Khadiri added that this transaction, the Bank’s sixth entry into international capital markets—further deepens relationships with existing investors while attracting new global participants.
Damian White, Chief Treasury Officer at Bank of Sharjah, noted that the transaction marks “an important milestone” in the Bank’s ongoing transformation.
“Our objective was to diversify our investor base while achieving pricing that reflects our improved financial performance and strategic direction. These results lay a solid foundation for continued access to capital markets,” he said.
The issuance was advised by Arqaam Capital, Bank ABC, Bank of Bahrain and Kuwait, Emirates NBD Capital, First Abu Dhabi Bank, Goldman Sachs International, IMI–Intesa Sanpaolo, Kamco Invest, and Standard Chartered Bank.
