KUALA LUMPUR: Malaysia’s ringgit sukuk are outperforming as their relatively higher yields offset the outlook for a weaker currency.
Sovereign domestic notes due in 2016 and 2021 returned 2.5% and 3.5% respectively this year, compared with 0.8% and 1.7% for similar Islamic dollar debt, data compiled by Bloomberg show. The premium for the 2016 securities over their global counterpart is more than 200 basis points.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
