Islamic Finance 

BRIEF-Sharjah Islamic Bank Issues $500 Mln Additional Tier 1 Sukuk

| 26 June, 2019

JUNE 26, 2019 | 17:11

Sharjah Islamic Bank:

* Priced its debut additional tier 1 (AT1) sukuk by raising $500 million at price of 5%

* Bank received response from investors with orders of $4.8 billion or 9.5x over subscription

* Sukuk is a non call 6 years perpetual instrument which will reset to 6 years treasuries in 2025

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