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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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Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns -
Investors are still showing big demand for the Dubai real estate firm's sukuk despite two sell-offs in a year
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The company has enjoyed two rating upgrades since its last sukuk issuance
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Some price discovery needed due to sukuk format and long tenor
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Benin reaped the rewards of its sukuk debut last week, and will do so for years to come
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The Gulf kingdom is trying to tackle a very wide deficit and sky-high debt to GDP
