Maybank, CIMB and HSBC may advise on global sukuk sale

KUALA LUMPUR: Malaysia plans to appoint Maybank Investment Bank Bhd, CIMB Investment Bank Bhd and HSBC Amanah Malaysia Bhd to advise on a global Islamic sovereign bond to raise more than US$1 bil, two people familiar with the matter said.

Marketing could start as early as next month, said one of the people, who didn't want to be named as the matter is confidential. The Government is said to be arranging a 10-year dollar-denominated Islamic debt, or sukuk, in its second sovereign sale of syariah-compliant debt in a year, four people familiar with the matter told Bloomberg on May 20.