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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 International Islamic Liquidity Management Corp will this month issue $490m of sukuk commercial paper — the first of its kind in the Islamic market — after more than 2-1/2 years of work on the project.
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BIMB Holdings is set to regain full control of subsidiary Bank Islam Malaysia by buying out the remaining 49% of the bank held by Dubai Financial Group and Lembaga Tabung Haji.
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The World Council of Credit Unions has published what it claims is the first guide to establishing Shariah compliant credit unions in the developing world.
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Oman’s Bank Sohar has opened a second branch of its Sohar Islamic banking business.
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Saudi Arabian dairy company Almarai is looking to raise capital and has asked its shareholders to approve plans to issue one or more sukuk.
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Turkish Islamic bank Al Baraka Turk has caught the attention of a large banking group for its $250m murabaha facility that was launched last week.