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Malaysia says US$1.5b sukuk oversubscribed

Thursday, April 21, 2016 - 09:46

[KUALA LUMPUR] Malaysia said on Thursday that it has successfully priced a US$1.5 billion dual-tranche benchmark Islamic bond, or sukuk, which was oversubscribed by 4.2 times.

The sukuk is split between a US$1 billion 10-year tranche and a US$500 million 30-year trache at a rate of 3.179 per cent and 4.080 per cent respectively, the ministry of finance said in a statement.

The deal was oversubscribed by 4.2 times, attracting an aggregate interest of over US$6.3 billion from a combined investor base of over 195 accounts, the statement said.

The deal was priced after a roadshow across global financial centres, including Kuala Lumpur, Hong Kong, Singapore, Abu Dhabi, Dubai, London and New York.

CIMB, HSBC, JP Morgan and Maybank acted as the joint bookrunners and joint lead managers for the offering.

REUTERS

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