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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 United Arab Emirates' national airline Etihad Airways has signed a $359m equivalent Islamic financing facility to buy two Boeing aircraft.
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Dubai private education provider GEMS Education has signed a Dh2bn ($544.5m) six year loan split between Islamic and conventional financing.
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The Central Bank of Bahrain (CBB) has raised BHD18m ($47.7m) through its monthly issuance of sukuk al-salam.
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The board of directors of the Islamic Corporation for Insurance of Investment and Export Credit (ICIEC) has approved the launch of a new sovereign sukuk insurance product.
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Saudi Hotels and Resorts Co (Sharco) has signed a murabaha financing agreement worth SR50m ($13.3m) with Riyadh Bank.
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Manama, Bahrain – 22 April 2013 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD18 million issue, which carries a maturity of 91 days, has been oversubscribed by 266%.