(Adds launch and final size, yields and demand)
By Yousef Saba
DUBAI, March 3 (Reuters) - The Emirate of Sharjah launched
$1.25 billion in two-tranche bonds of 12- and 30-year paper on
Wednesday, a document from one of the banks arranging the deal
showed.
It sold $750 million in 12-year notes at 3.625% and $500
million in 30-year bonds at 4.75% out of combined orders of more
than $2.7 billion, the document showed.
It had tightened final guidance to between 3.625% and 3.75%
for the 12-year notes and 4.75% to 4.875% for the 30-year
tranche from initial guidance of around 3.875% for the 12-year
bonds and between 4.875% and 5% for the 30-year paper.
Bank ABC, Citi, Emirates NBD Capital
, HSBC, Mashreq and Standard
Chartered are arranging the deal, which is expected to
close later on Wednesday.
(Reporting by Yousef Saba; Editing by Toby Chopra and Mark
Potter)