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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