Malaysia bags $1.3bn in ‘brave’ sustainable sukuk outing

Rudolf Balasko/rudi1976 - stock.adobe.com

The government of Malaysia has made a triumphant return to the bond market, raising $1.3bn from a dual tranche sukuk. The inclusion of a sustainability label meant a diverse set of investors flocked to the trade, allowing the sovereign to surpass its initial size goal. Morgan Davis reports.