Malaysia begins marketing its first sustainability Sukuk
Bloomberg
Malaysia has started marketing its first sustainability Sukuk, adding to a growing number of countries turning to debt financing for environmental projects.
The Southeast Asian nation is marketing US dollar-denominated Islamic finance securities in 10-year and 30-year parts, and the shorter tenor is a sustainability offering, a person familiar with the matter said.
The deal might price as soon as today, said the person, who asked not to be identified as the details are private.
Sustainable debt issuance rose 29 percent last year to a record US$732 billion, BloombergNEF figures showed.
Indonesia sold green debt that complies with religious principles in 2018, making it the first country in the world to issue such securities, a UN Development Programme report said.