X Close

Archives

Tuesday October 26, 2010

IDB sukuk issue to go for dual listing

PETALING JAYA: The Islamic Development Bank’s (IDB) successful issuance of five-year US$500mil Emas sukuk marks Malaysia’s march towards a multi-currency platform for sukuk issuances.

The Malaysia International Islamic Finance Centre (MIFC) secretariat said in a press release that the sukuk’s successful closing reflected Malaysia’s evolution into a multi-currency platform for sukuk issuances.

The secretariat said the sukuk would be listed on Bursa Malaysia under an exempt regime as well as the London Stock Exchange.

“This is a significant transaction under the MIFC initiative as it is the first US dollar sukuk issuance by a multi-lateral development institution in Malaysia,” it added.

Other foreign-currency Emas Islamic financing instruments issued under the MIFC initiative in the last 18 months inluded Petroliam Nasional Bhd’s US$1.5bil sukuk, Government of Malaysia’s US$1.25bil sukuk, Nomura’s US$100mil sukuk and Khazanah Nasional Bhd’s S$1.5bil sukuk.

advertisement

  1. MAS flight bound for Bangalore makes turn back
  2. Karpal Singh cremated after emotional farewell
  3. Karpal Singh’s final journey, thousands bid farewell
  4. Karpal Singh: Emotional moment as thousands pay their last respects at funeral
  5. Storify: The Tiger sleeps today
  6. Karpal, my hometown hero
  7. JPJ: Driving licence for automatic cars out in June
  8. A matter of principle
  9. Meet Kepler-186f: First exoplanet found to be 'almost like Earth'
  10. MH370 search: Next 48 hours crucial, says Hishammuddin

advertisement

advertisement