13 Feb, 2025Government of the Emirate of Sharjah Lists EUR 500 Million Bond on Nasdaq Dubai

Nasdaq Dubai, the region’s premier international financial exchange, today announced the listing of a EUR 500 million bond issued by the Government of the Emirate of Sharjah.

The 4.625% coupon bond, maturing in 2032, was issued under the Global Medium Term Note Programme. The bond attracted robust investor interest, with the order book reaching over EUR 1.7 billion, oversubscribing by 3.4 times.

Investors from the UK accounted for 45% of the orders, while those from the MENA region comprised 26%, reflecting strong international demand and investor confidence in the emirate's fiscal strength and the attractiveness of its capital market offerings.

With this listing, the current total value of bond and sukuk issuances by the Government of the Emirate of Sharjah on Nasdaq Dubai has reached USD 13.4 billion across 17 listings. Further, the total value of bonds listed on Nasdaq Dubai has reached USD 43.02 billion across 58 listings, while total debt listings stand at USD 142 billion across 162 issuances, reinforcing the exchange’s position as a key hub for fixed income listings for regional and global issuers alike.