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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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Recent news that both Goldman Sachs and Credit Agricole are looking to issue sukuk has reignited debate in the Islamic market about use of asset-backed and asset-based structures.
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Manama, Bahrain: ABC Islamic Ban today announced a net profit of $6.7 million for the first nine months of 2011, 320% higher than last year. Net profit for the third quarter was $1.6 million compared to $2.1 million in the second quarter.
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Bahrain-based ABC Islamic Bank today announced a net profit of $6.7m for the first nine months of 2011, representing a 320% increase on the same period last year. However, net profit for the third quarter was down on Q2, at $1.6m compared to $2.1m.