Malaysia's sovereign US dollar sustainability sukuk oversubscribed 6.4 times


  • Markets
  • Thursday, 22 Apr 2021

"The issuance is not only a global first on many fronts, but also a strong recognition of Malaysia’s Islamic finance industry’s innovative capabilities in structuring sukuk to help advance Malaysia’s SDG-focused policies towards achieving our Shared Prosperity Vision 2030," said Finance Minister Tengku Zafrul Aziz.

KUALA LUMPUR: There was overwhelming interest for Malaysia's US$800mil 10-year and US$500mil 30-year sovereign US dollar sustainability sukuk, which was oversubscribed by 6.4 times, said the Finance Ministry (MoF) in a statement today.

Both tranches have been assigned a rating of A3 by Moody's Investors Service and A- by S&P Global Ratings.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Wall St set to kick off week higher; U.S. inflation in focus
Opcom auditor resigns after audit fee disagreement
Ringgit closes easier against US dollar as greenback gathers strength
Maxis appoints MR DIY CEO Adrian Ong as director
Optimax secures license to offer plastic surgery and aesthetic services
TCS wins RM10.7mil construction contract
EVE Energy builds new US$422mil manufacturing facility in Kulim, kedah
UMW Toyota July sales jump 25.8% to 8,349 units
KLCI ends flat on cautious investor sentiment
Maybank2u and MAE apps currently down; credit and debit card use also unavailable (Updated: Services back to normal)

Others Also Read