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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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Kuwaiti lender Boubyan Bank put its sukuk on hold on Thursday after the Russian invasion of Ukraine shut down primary bond markets
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The wider CEEMEA primary bond market has been shut for a week but sukuk issuers are ploughing ahead
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Sukuk investors still keen on new issues but international buyers remain wary
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Niche deals and Islamic finance can still be done despite fears over possible Ukraine invasion
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Relief as Turkey sells largest ever new issue but doubt lingers over country's other credits' access to capital markets
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Islamic buyers flock to generously priced deal