Dentons represents Bank of Sharjah

Dentons has advised Bank of Sharjah on the establishment of its USD1 billion Euro Medium Term Note (EMTN) programme and its inaugural issuance of USD500 million 4.23 per cent notes due 2022 thereunder, which completed on March 7, 2017. The programme and the notes are listed on the Irish Stock Exchange and have been assigned a long-term senior unsecured rating of BBB+ by Fitch. The notes were offered to sophisticated investors outside of the United States in reliance on Regulation S under the US Securities Act 1933. The transaction follows Bank of Sharjah’s debut bond issuance of USD500 million 3.374 per cent guaranteed notes due 2020 in June 2015.

The programme was arranged by the National Bank of Abu Dhabi, with Bank ABC, Emirates NBD Capital and J.P. Morgan acting as dealers.  The same banks acted as Joint Lead Managers on the issuance of the bond.

The Dentons team was led by Alex Roussos, with assistance from associate Sana Siddiqui in Dubai.