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Sharjah,UAE - February 10: The view of Sharjah Skyline at Sunset on february 10, 2019 in Sharjah, United Arab Emirates. (Photo by Rustam Azmi/Getty Images)
The government of Sharjah has tightened price guidance for its 12-year benchmark-sized U.S. denominated senior unsecured sustainable bond issuance, a lead bank document showed on Wednesday.
The price guidance for the debt sale was narrowed in the range of 205-210 basis points over U.S. Treasuries from 235 bps over the same benchmark released earlier in the day, the document said.
The debt sale attracted more than $3.5 billion in orders, which is expected to be priced later in the day, the document added.
(Reporting by Mohammad Edrees; Editing by Alison Williams)