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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 Islamic Development Bank (IsDB) has approved a €173.5m istisna'a financing for Iran's Tehran Water and Wastewater Company. Tehran Water will use the funding to build a wastewater treatment plant serving around 1m people in the west of the city.
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Abu Dhabi Islamic Bank has launched a third series of its two-year capital protected oil notes. The ADIB Oil Note III is a structured product aimed at retail investors and is open for subscription until September 9.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
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Mumtalakat keeps plans fluid as it eyes MR3bn ringgit sukuk programme
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Karachi, August 02, 2012: JCR-VIS Credit Rating Co. Ltd. has upgraded the Corporate Governance Rating of Security Papers Limited ( SPL ) from 'CGR-8+' to 'CGR-8++'.