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Asian dollar sukuk sales poised to set records

Petronas may sell as much as US$7b; M'sia, Cagamas and Export Import Bank also said to be planning offerings

Kuala Lumpur

ASIA is set for the busiest year for dollar sukuk sales in at least five years as Malaysia's state oil company plans a record offering and Indonesia's government seeks to beat rising US borrowing costs.

Petroliam Nasional may sell as much as US$7 billion of Islamic