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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 Islamic Development Bank (IsDB) has signed an agreement with Tunisia worth $1.2bn.
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Takaful Oman, the first Islamic insurance company in the Sultanate, is to be part owned by Oman National Investment Corporate.
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Qatari borrowers were out in force this week after a three firms signed loans from the Islamic and conventional markets. -
Oman Arab Bank’s (OAB) Islamic banking business, Al Yusr has held its first Shariah supervisory board meeting and approved the products and policy manuals under the brand’s name.
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Dubai property developer Nakheel will meet a Dh210m ($57.1m) profit payment on its trade creditor sukuk this week.
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The deepening sell-off in emerging market bonds has thrown Dubai’s economic recovery under suspicion, with suggestions that the emirate may be in for another bumpy ride.
