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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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Karachi, February 1 , 2012: JCR-VIS Credit Rating Company Ltd. has assigned initial entity ratings of 'BBB+/A-3' (Triple B Plus/A-Three) to Muhammad Shafi Tanneries (Pvt.) Ltd. Outlook on the assigned rating is 'Stable'.
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Newly issued $400m sukuk from Majid Al Futtaim has continued to perform well in secondary markets, despite having been priced inside guidance on Tuesday. The 5.85% February 2017-dated notes were quoted at 100.6/100.7 on Wednesday, following their issuance at par the day before.
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Luxembourg has strengthened its financial market relations with the Middle East this week by sending a delegation to an event held on Tuesday in Dubai.
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Distinguished speakers, ladies and gentlemen,
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The Securities Industry Development Corporation (SIDC), the training and development arm of the ( SC ), today entered into a Memorandum of Understanding (MoU) with Universiti Teknologi MARA (UiTM) to introduce a capital market syllabus for its university students. This collaboration is aimed at supporting the talent development requirements in the Malaysian capital market and building a graduate talent pool that is "work-ready" for the industry.
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Karachi, January 31, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the entity ratings of First Credit and Investment Bank Limited (FCIBL) at 'A - /A-2' (Single A Minus/A-Two).