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Wednesday May 15, 2013 MYT 1:21:00 PM
Tuesday August 20, 2013 MYT 1:23:44 PM
KUALA LUMPUR: Bank Negara Malaysia (BNM) has accorded its "Emas" status to Sime Darby Bhd's US$800mil (RM2.4bil) Sukuk in conjunction with the 10th Islamic Financial Services Board Summit on Wednesday.
This was the 11th "Emas" status accorded by BNM for foreign currency denominated bonds and Sukuk originating from Malaysia in the global capital market.
This inaugural Emas sukuk issuance by Sime Darby attracted substantial demand regionally where Asian investors represented about 70% of total Sukuk issuance and it was 10 times oversubscribed.
BNM said on Wednesday the Malaysian marketplace for Islamic finance wsa well supported by a deep primary market and active secondary market trading for Sukuk issuance, as well as efficient price discovery and the availability of expertise in this market.
Besides the US Dollar, BNM's "Emas" sukuk have been issued in Singapore Dollar and Renminbi.
Tags / Keywords:
Sime Darby, Sukuk, BNM's Emas status
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