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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 first Islamic bank in the eurozone, named Eurisbank, is set to be launched in the fourth quarter next year.
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The Kingdom of Bahrain will next month host the World Islamic Banking Conference, which will celebrate its 20th year.
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Aldar Properties has given initial price thoughts of very low 300bp area over mid-swaps for a five year dollar sukuk, with pricing expected to follow this week.
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The Central Bank of Bahrain has issued BD36m ($95.7m) of three month sukuk al-salam, with the sale oversubscribed by 102%.
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Qatari telecoms firm Ooredoo is looking to issue a debut five year dollar benchmark sukuk this week and could price the deal as early as Tuesday.
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Gatehouse Bank has issued two seven-year real estate sukuk paying 4.35% and 6.25%, the UK based bank said on Monday.