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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 loan market has been slow to move from Libor but momentum is building towards the adoption of new rates
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Result shows EM demand for quality strong in spite of volatility
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Dollar sukuk issuance volume hits record high thanks to bumper sovereign and quasi-sovereign deals
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Kuveyt Turk Bank is seeking to enter the sukuk market, which has attracted a number of borrowers in recent months
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Bahrain-headquartered bank the latest emerging market issuer to enter the increasingly busy sukuk market
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A market that has in previous years promised much but delivered little seems finally to be growing thanks to sovereign issuance