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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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Law firm Linklaters has appointed Neil Miller as global head of Islamic finance, based in Dubai. Miller joins from KPMG, having served there as a partner and global head of Islamic finance. He brings over 20 years of experience to the new role.
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Karachi, March 27, 2013: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Tameer Micro Finance Bank Limited (Tameer) at ‘A/A-1’ (Single A/A-One). Ratings of the outstanding TFC issues (1&2) have also been reaffirmed at ‘A(SO)’ (Single A (Structured Obligation)). Outlook on the assigned ratings is ‘Stable’.
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Karachi, March 27, 2013: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Tameer Micro Finance Bank Limited (Tameer) at ‘A/A-1’ (Single A/A-One). Ratings of the outstanding TFC issues (1&2) have also been reaffirmed at ‘A(SO)’ (Single A (Structured Obligation)). Outlook on the assigned ratings is ‘Stable’.
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Karachi, March 27, 2013: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Tameer Micro Finance Bank Limited (Tameer) at ‘A/A-1’ (Single A/A-One). Ratings of the outstanding TFC issues (1&2) have also been reaffirmed at ‘A(SO)’ (Single A (Structured Obligation)). Outlook on the assigned ratings is ‘Stable’.
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Karachi, March 27, 2013: JCR-VIS Credit Rating Company Limited has upgraded the Insurer Financial Strength ( IFS ) Rating of EFU Life Assurance Ltd. (EFU Life) to 'AA' (Double A) from 'AA-' (Double A Minus). Outlook on the assigned rating is 'Stable'.
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Dubai Aluminium and Mubadala were due to sign a $3.4bn multi tranche loan for their Emal 2 aluminium smelter on Tuesday.