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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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Egypt plans to develop an Islamic finance market through sukuk in parallel with its existing banking system, as it looks to position itself as a "Mecca for investors", said the country's prime minister, Hisham Qandil.
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Source: South China Morning Post Publishers Limited
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Qatar International Islamic Bank this week issued a tightly priced $700m five-year debut international benchmark sukuk that benefited from the momentum created by a similarly-sized sukuk from its better known peer Qatar Islamic Bank the week before. But leads and investors agreed that a strong QIIB roadshow also played a big part in the result.
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Karachi, October 11, 2012: JCR-VIS Credit Rating Co. Ltd. has reaffirmed the Corporate Governance Rating of Pak Oman Investment Company Limited (POIC) at ‘CGR-9’.
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