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

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By Morgan Davis
22 Apr 2021

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.

The 144A/Reg S/3(c)(7) trade was split between a $800m 10 year bond and a $500m 30 year tranche. The 2031 bonds carried a sustainability label, making it the first sovereign dollar sustainability sukuk globally. The trade was also Malaysia’s first global sukuk since 2016.

The transaction was ...

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