Hope for Asian bonds as Malaysian sukuk trades well
Asia's debt bankers got some good news on Friday when Malaysia's $1.25bn Islamic bond rallied on its first day of trading, sparking hope investors will start buying new issues again after weeks of high volatility forced them to the sidelines.
The 2015 sukuk priced at a spread of 180bp over Treasuries on Thursday, and rallied by as much as 20bp on its first day of trading, before settling at around 170bp over Treasuries at the end of Asian hours.
The tightening came on another positive day in Asia's
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