Sharjah Islamic Bank (SIB) has priced its $500 million perpetual non-call 6-year AT1 sukuk at a tightened yield of 6.125%, down from an initial 6.500%. The offering, part of SIB’s Additional Tier 1 Capital Certificates programme, saw strong demand with books exceeding $1 billion (excluding Joint Lead Manager interest). The sukuk, rated A- by S&P and BBB+ by Fitch, is set to be issued on June 4, 2025, and will trade on Euronext Dublin and Nasdaq Dubai.
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