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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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Abu Dhabi Islamic Bank has opened its first London office. The branch is at One Hyde Park in Knightsbridge and will target wealthy clients from the United Arab Emirates who wish to conduct Shariah compliant business and personal transactions in London.
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Karachi, May 30, 2012: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has placed the Management Quality Rating of IGI Funds Limited (IGI Funds) of ‘AM2-’ (AM-Two Minus) under ‘Rating Watch - Developing’ status.
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Renewable energy firm Qatar Solar Technologies (QSTec) has signed a $1bn facility with a domestic bank to finance the construction of a manufacturing plant.
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Saudi Arabia's Dar Al-Arkan Real Estate Development Company (DAAR) has appointed Abdul Rahman al-Harkan as director general. He was previously a board member at Alimna Bank, an Islamic retail and corporate bank in the Kingdom.
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Karachi, May 29, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned medium to long-term and short-term entity ratings of ‘A’ (Single A) and ‘A-2’ (A two) respectively, to Nishat Chunain Power Limited (NCPL). The outlook on the medium to long-term rating is ‘Stable’.