DUBAI, Feb 6 (Reuters) - The government of Sharjah, one
of the seven United Arab Emirates, has hired banks to arrange a
sale of dollar-denominated debut sustainable bonds, a bank
document showed on Monday.
HSBC was hired as sole global coordinator and ESG
structuring agent. It is joined by Abu Dhabi Commercial Bank,
Citi, Gulf International Bank, IMI-Intesa Sanpaolo, Invest Bank
and SMBC Nikko as joint lead managers and bookrunners.
They will arrange investor meetings starting on Tuesday in
Milan, in New York on Wednesday, in Boston on Thursday, and in
London on Monday and Tuesday next week, the bank document
showed.
An issuance of benchmark size, which typically means at
least $500 million, with an expected tenor of 12 years will
follow, subject to market conditions.
(Reporting by Yousef Saba; Editing by Alex Richardson)
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