Spread the news

Malaysia's US$800 million trust certificates represent the world's first sovereign US dollar sustainability sukuk. — Reuters pic
Malaysia’s US$800 million trust certificates represent the world’s first sovereign US dollar sustainability sukuk. — Reuters pic

Subscribe to our Telegram channel for the latest updates on news you need to know.


KUALA LUMPUR, April 22 — Malaysia has issued US$800 million (RM3.3 billion) 10-year trust certificates, world’s first sovereign US dollar sustainability sukuk, the Finance Ministry said on Thursday.

In addition, the South-east Asian nation also issued US$500 million 30-year trust certificates, the ministry said in a statement.

Malaysia upsized the sukuk offering from initial target size of US$1.0 billion to US$1.3 billion due to overwhelming demand as oversubscription hit 6.4 times. — Reuters


Spread the news
CLICK TO JOIN

LEAVE A REPLY

Please enter your comment!
Please enter your name here