Business & Finance
Malaysia prices $2bn global sukuk
KUALA LUMPUR : Malaysia has priced its $2 billion global sukuk offering, with the bonds to be issued in early July, a
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KUALA LUMPUR: Malaysia has priced its $2 billion global sukuk offering, with the bonds to be issued in early July, a source with direct knowledge of the deal said on Wednesday.
The profit rate for the $1.2 billion, 5-year tranche was fixed at 2.991 percent and the $800 million, 10-year at 4.646 percent, the source said.
Government officials were not immediately available for comment.
The issue is Malaysia's second offering in two years and comes at a time when the global sukuk market is showing tentative signs of recovery.
The joint lead managers for the sale are Citi , HSBC , CIMB and Malayan Banking
Copyright Reuters, 2011
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