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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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The International Finance Facility for Immunisation (IFFIm) has priced a $500m debut sukuk at just 15bp over three month Libor, the tight end of its earlier 15bp-17bp guidance range.
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Zakher Marinte International, a UAE gas and oil service provider, has agreed a $420m Shariah compliant loan with Abu Dhabi Islamic Bank (ADIB).
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Pakistan has priced a $1bn five year dollar benchmark sukuk at the tight end of its earlier guidance range, after building an oversubscribed order book.
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The International Finance Facility for Immunisation (IFFIm) has refined price thoughts on its dollar sukuk debut to 15bp-17bp over Libor.
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The International Finance Facility for Immunisation (IFFIm) has given initial price thoughts of mid-to-high teens of basis points over three month Libor as it looks to price a debut dollar sukuk.
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Advanced Petrochemical Company has repaid the remaining Sr375m of a murabaha loan.