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Malaysia Issues $800 mln U.S. Dollar Sustainability Sukuk, World's First by A Sovereign
Apr 23, 2021
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In addition, the Southeast Asian nation also issued $500 million 30-year trust certificates, the ministry said in a statement.
Malaysia, which has the largest sukuk market globally, upsized the offering from an initial target size of $1.0 billion to $1.3 billion due to demand as over-subscription hit 6.4 times.
"The strong demand has also resulted in the lowest ever yield and spread for a U.S.-dollar sukuk issuance by Malaysia," the ministry said, with the 10-year and 30-year trust certificates priced at 2.070% and 3.075% respectively.
Proceeds from the sukuk will be used for eligible social and green projects aligned to the United Nation's Sustainable Development Goals Agenda, enabling the country to meet its commitments as a signatory to the Paris Agreement.
Source: Reuters
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