M’sia kicks off its first-ever sustainability sukuk deal

Malaysia is marketing dollar-denominated Islamic finance securities in 10-year and 30-year parts, and the shorter tenor is a sustainability offering, a person familiar with the matter said.

KUALA LUMPUR: Malaysia started marketing its first-ever sustainability sukuk, adding to a growing number of countries turning to debt financing for environmental projects.

The South-East Asian nation is marketing dollar-denominated Islamic finance securities in 10-year and 30-year parts, and the shorter tenor is a sustainability offering, a person familiar with the matter said.