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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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Manama, Bahrain - 26 December 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD18 million issue, which carries a maturity of 91 days, has been subscribed by 183%.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
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In recognition of its efforts and innovativeness in providing Shariah-compliant products and services: NCB named the Best Islamic Bank 2011 in GIFA Awards The National Commercial Bank has achieved a new prestigious title that reconfirmed its leadership position in the Islamic banking arena, following an announcement that was recently made in Oman, naming NCB as the Best Islamic Bank of the year. The award was presented in a special ceremony for the Global Islamic Finance Awards (GIFA), on the back of Oman's Islamic Economics forum which was held in the capital city of Muscat in the presence of a large number of industry leaders and officials including the former prime minister of Malaysia Tun Abdullah bin Haji Ahmad Badawi