Saturday, 24 Apr 2021 09:36 AM MYT
BY JUSTIN ONG
On Wednesday, the government announced that it successfully placed two dollar-denominated sukuk issuances, a 10-year bond for US$800 million and another 30-year issue for US$500 million. Picture by Hari Anggara
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KUALA LUMPUR, April 24 Two Malaysian government sukuk issues that were oversubscribed by 6.4 times indicated that investors saw the country to be on the right economic track, Prime Minister Tan Sri Muhyiddin Yassin said today.
Muhyiddin said demand for the federal government’s Sukuk Kelestarian the first dollar-denominated shariah-compliant government securities in the world was so high that Putrajaya was able to raise US$1.3 billion (RM5.34 billion) or 30 per cent above the initial target.
KUALA LUMPUR, March 9 Malaysia took the lead as the largest Sukuk market globally in 2020, with most of the issuances tied to the principles of Sustainable and Responsible Investments (SRIs), Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said. Citing a report by the Malaysia.