DUBAI, Feb 6 (Reuters) – The government of Sharjah, one of the seven United Arab Emirates, has tapped banks to arrange the sale of the first dollar-denominated sustainability bonds, a bank document revealed on Monday.
HSBC was engaged 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 lead managers and bookrunners.
They will hold investor meetings starting Tuesday in Milan, New York on Wednesday, Boston on Thursday and London on Monday and Tuesday next week, the bank document said.
A benchmark size issue, which typically means at least $500 million, with an expected life of 12 years will follow, subject to market conditions.
Reporting by Yousef Saba; Editing by Alex Richardson
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