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

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.