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The duo were the first AT1s from the GCC since Emirates NBD's reopener in April
Books were more than double the deal's size at launch
The company is expanding outside Turkey, such as into Saudi Arabia
Islamic investors have been a safe haven for Gulf issuers in the past, and can be now
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Where the company's deal prices relative to its parent will be the topic of investor roadshows -
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
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Investors are still showing big demand for the Dubai real estate firm's sukuk despite two sell-offs in a year
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The company has enjoyed two rating upgrades since its last sukuk issuance
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Some price discovery needed due to sukuk format and long tenor
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Benin reaped the rewards of its sukuk debut last week, and will do so for years to come
