Malaysia's sovereign US dollar sustainability sukuk oversubscribed 6.4 times

"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.