{"id":2808,"date":"2018-11-08T21:23:05","date_gmt":"2018-11-08T21:23:05","guid":{"rendered":"http:\/\/shaheennews.com\/shahennews.com\/eng\/2018\/11\/08\/sharjah-wins-top-honour-for-rmb-2-billion-panda-bond-at-gfc-media-group-awards\/"},"modified":"2018-11-08T21:23:05","modified_gmt":"2018-11-08T21:23:05","slug":"sharjah-wins-top-honour-for-rmb-2-billion-panda-bond-at-gfc-media-group-awards","status":"publish","type":"post","link":"https:\/\/shahennews.com\/eng\/archives\/2808\/sharjah-wins-top-honour-for-rmb-2-billion-panda-bond-at-gfc-media-group-awards\/","title":{"rendered":"Sharjah Wins Top Honour for RMB 2 Billion Panda Bond At GFC Media Group Awards"},"content":{"rendered":"<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" src=\"images\/stories\/2018\/11\/2\/08\/1461049880_lw.jpg\" alt=\"\u0627\u0644\u0634\u0627\u0647\u064a\u0646 \u0646\u064a\u0648\u0632\" dir=\"rtl\" style=\"margin: 5px auto; display: block;\" width=\"509\" height=\"304\" \/><\/p>\n<p style=\"text-align: left;\">&nbsp;<\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 12pt; font-family: 'times new roman', times;\">Shaheennews &#8211;&nbsp;DUBAI, United Arab Emirates- [ AETOS Wire ]<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 12pt; font-family: 'times new roman', times;\">The Government of Sharjah won the &#8220;Sovereign Debt Finance Deal of the Year&#8221; award at the Bonds, Loans &amp; Sukuk Awards Middle East for the successful issuance of an RMB 2 billion, or US$ 316 million, Panda Bond. The award was presented by the leading international media organisation &#8220;GFC Media Group&#8221;.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 12pt; font-family: 'times new roman', times;\">The award recognises that the issuance, completed in February 2018, represented the culmination of a lengthy and unfamiliar, and ultimately obtained an excellent financial result. The move aimed at raising the emirate&#8217;s profile among Chinese investors.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 12pt; font-family: 'times new roman', times;\">At a gala award ceremony held at Intercontinental Festival City, Dubai, on November 6, Abdellatif Mohamed, Director of Debt Management Office at Sharjah Finance Department, received the prestigious award.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 12pt; font-family: 'times new roman', times;\">Commenting on the award, HE Waleed Al Sayegh, Director General of Sharjah Finance Department said: &#8220;We are honoured to receive this recognition of our successful issuance of RMB 2 billion Panda Bond in February 2018, the first such deal in the Middle East. The award reflects the professionalism, commitment and industry knowledge of our entire team.&#8221;<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 12pt; font-family: 'times new roman', times;\">He continued,&#8221; The award is an opportunity to raise the profile of the Middle East&#8217;s financial markets with the international investment community, and to inspire future issuance by Middle Eastern entities&#8221;.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 12pt; font-family: 'times new roman', times;\">Sharjah Finance Department raised RMB 2 billion, or US$ 316 million, in China&#8217;s Panda bond market with a coupon rate of 5.8% in February 2018 and maturity in February 2021. The Lead Bookrunners for the bond were Bank of China, with ICBC as Joint Bookrunner and HSBC, and Standard Chartered Bank acting as Joint Lead Underwriters.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 12pt; font-family: 'times new roman', times;\">The Bonds, Loans &amp; Sukuk Awards Middle East by GFC Media Group recognises excellence and outstanding achievement among issuers, borrowers and market professionals for their work on landmark transactions. GFC hosts 2 Awards ceremonies in Dubai and Turkey which each individually bring together 250 senior market executives.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Shaheennews &#8211;&nbsp;DUBAI, United Arab Emirates- [ AETOS Wire ] The Government of Sharjah won the &#8220;Sovereign Debt Finance Deal of the Year&#8221; award at the Bonds, Loans &amp; Sukuk Awards Middle East for the successful issuance of an RMB 2 billion, or US$ 316 million, Panda Bond. The award was presented by the leading &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-2808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sharjah Wins Top Honour for RMB 2 Billion Panda Bond At GFC Media Group Awards - Shahennews Eng<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shahennews.com\/eng\/archives\/2808\/sharjah-wins-top-honour-for-rmb-2-billion-panda-bond-at-gfc-media-group-awards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sharjah Wins Top Honour for RMB 2 Billion Panda Bond At GFC Media Group Awards - Shahennews Eng\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Shaheennews &#8211;&nbsp;DUBAI, United Arab Emirates- [ AETOS Wire ] The Government of Sharjah won the &#8220;Sovereign Debt Finance Deal of the Year&#8221; award at the Bonds, Loans &amp; Sukuk Awards Middle East for the successful issuance of an RMB 2 billion, or US$ 316 million, Panda Bond. 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