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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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There is an aggressive hunt for yield by issuance-starved investors in the Gulf
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The duo were the first AT1s from the GCC since Emirates NBD's reopener in April
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Books were more than double the deal's size at launch
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The company is expanding outside Turkey, such as into Saudi Arabia
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Islamic investors have been a safe haven for Gulf issuers in the past, and can be now
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The sell-off since war broke out has not been huge