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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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Qatar First Bank (QFB), a Qatari Islamic bank, has launched a Shairah-compliant “World Elite Mastercard” charge card in the state and the MENA region.
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Bank Islam Malaysia (BIMB) has received Bank Negara Malaysia’s approval to begin negotiations with Lembaga Tabung Haji (LTH) about acquiring its 18.5% stake in the bank
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Investment Corporation of Dubai (ICD) has become the first of three Dubai firms with live deals in the syndicated loan market to close a transaction, signing an oversubscribed $2.55bn facility on Monday.
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Kuwait Finance House (KFH) has signed and closed a $500m ijara financing facility for Sharjah Electricity & Water Authority (Sewa).
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Qatar’s Supreme Council of Health (SCH) has asked Al Khaleej Takaful Group to become a third party administrator of its recently established National Health Insurance Company (NHIC).
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Saudi Arabia’s General Authority for Civil Aviation looks set to come to market soon with the much awaited second tranche of its sukuk programme and has mandated three banks to arrange the deal.