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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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Sudan is putting in place plans to issue between $1bn and $1.5bn of sukuk this year. The country hopes to draw investment in its debt from the GCC by offering stakes in an oil pipeline.
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A UAE federal government committee has cut troubled Dubai mortgage lender Amlak's debt by Dh4bn ($1.09bn) as part of restructuring initiatives. Economy minister Saeed Al-Mansouri said the government will not allow such companies to go bankrupt and that it has prioritised the rights and interests of Amlak shareholders.
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Dubai government-owned Jebel Ali Free Zone (Jafza) has submitted a three-part refinancing plan to creditors as it looks for a way to repay a Dh7.5bn ($2.04bn) sukuk. This follows the company in late February asking Citi on how best to meet the looming November maturity.
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Karachi, March 20, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the Management Quality (MQ) rating of 'AM2 - ' (AM-Two Minus) assigned to National Investment Trust Limited (NITL), with immediate effect, on account of non-renewal of rating contract.