First sustainability sukuk a credit positive for Malaysia

Sukuk issuance

PETALING JAYA: The world’s first sovereign sustainability sukuk issued by Malaysia, which has received overwhelming response from global investors, is credit positive for the government.

According to Moody’s Investors Service, the addition of a new avenue of financing via the sukuk further anchors the government’s already low liquidity risk through diversifying the country’s creditor base and keeps funding costs low.