Malaysia sells RM4b of 2024 Sukuk, yield 4.045%


New high for Dagang NeXchange Bhd

KUALA LUMPUR: Malaysia sold RM4bil of 2024 Islamic bonds on Tuesday with a yield of 4.045%.

According to Bloomberg, the demand for the government Sukuk exceeded the amount offered by 3.12 times.

There were 393 bids totalling RM12.491bil for the RM4bil Sukuk and RM8.491bil were rejected.

Based on information published on Bank Negara Malaysia's website, the Sukuk will be issued on Wednesday and the maturity date is Aug 15, 2024.

The higher yield was 4.050% while the lowest was 4.030 – with the average at 4.045.
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