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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 company is a regular face in the sukuk market
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New name in Saudi sukuk greeted with enthusiasm
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The company's sukuk dropped over 10 cash points on Wednesday, although has recovered since
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Shariah-compliant credit facility expected to play 'pivotal role' for the borrower
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Combined books for the two trades came to nearly $8bn
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AT1s and senior deals from Saudi and Bahrain are expected early in the week