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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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Crédit Agricole’s director of Islamic banking, based in Dubai, Yousif Haider has departed the firm and has since returned to Bahrain. It is unclear why he left the bank and a replacement has yet to be announced.
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Saudi Arabia’s National Commercial Bank began roadshows on Tuesday, with further meetings scheduled on Wednesday, as it plans to issue Sr4bn ($1.06bn) of tier two sukuk.
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The global sukuk market is set to resume growth in 2014 after a mixed 2013 and should exceed $100bn for the third year running, said Standard & Poor’s on Tuesday.
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Qatar Islamic Bank (QIB) and QInvest have teamed up to launch three Shariah-compliant fund products that offer different levels of risk.
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The Islamic Development Bank (IsDB) has approved $705m of facilities for infrastructure and human development projects in its latest round of financing for member countries.
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Bahraini Islamic bank Al Salam and conventional peer BMI have completed a merger agreement after both banks received approval from their shareholders.