DUBAI, July 6 (Reuters) - The Emirate of Sharjah has given
initial price guidance of around 3.5% for an issuance of 10-year
U.S. dollar-denominated sukuk, or Islamic bonds, a document
showed on Tuesday.
HSBC is coordinating the deal, which is expected to
launch later on Tuesday. Abu Dhabi Islamic Bank, Dubai
Islamic Bank, Sharjah Islamic Bank, Standard
Chartered and The Islamic Corporation for the
Development of the Private Sector are also involved in the deal,
according to the document from one of the banks.
(Reporting by Yousef Saba; Editing by Jacqueline Wong)