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KL's US$ sukuk sale reflects investor appetite for yields

It will be able to use Petronas' US$5b sale of both Islamic and conventional notes as a proxy to price its sukuk

The government provided 1MDB with a US$257 million standby credit facility this month, helping allay investor concern that the company would default after delaying a loan repayment..

Kuala Lumpur

MALAYSIA'S decision to press ahead with its first US dollar sukuk since 2011 reflects investor appetite for yields at an eight-month high, as the government limits the fallout from the breakup of a state investment company.

The South-east Asian nation plans to sell as