Malaysia issues $800 million U.S. dollar sustainability sukuk, world's first by a sovereign


Reuters | Kuala Lumpur | Updated: 22-04-2021 06:15 IST | Created: 22-04-2021 06:15 IST
Malaysia issues $800 million U.S. dollar sustainability sukuk, world's first by a sovereign
  • Country:
  • Malaysia

Malaysia has issued $800 million 10-year trust certificates, world's first sovereign U.S. dollar sustainability sukuk, the finance ministry said on Thursday.

In addition, the Southeast Asian nation also issued $500 million 30-year trust certificates, the ministry said in a statement.

Malaysia upsized the sukuk offering from initial target size of $1.0 billion to $1.3 billion due to overwhelming demand as oversubscription hit 6.4 times.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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