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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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Al Hilal will hold meetings next week with investors in the Middle East, Europe and Asia as it looks to issue a debut benchmark sukuk.
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The Republic of Indonesia launched a $1.5bn global sukuk on September 10 that attracted robust demand for what is expected to be its last US dollar-denominated transaction this year. The interest came despite concerns over the country's economy.
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The Muharraq Mall Company has signed a BD8m ($21m) Islamic financing from Ahli United Bank.
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Standard Chartered has appointed Christos Papadopoulos as chairman of Saadiq, the bank’s Islamic banking arm. -
The Republic of Indonesia launched a $1.5bn global sukuk on Tuesday that attracted robust demand despite macro concerns for what is expected to be its last US dollar-denominated transaction this year.
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The Central Bank of Oman has granted a banking operating license for Alizz Islamic Bank.
