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Malaysia sells US$1.5b Islamic bonds in first global offering since 2011

Kuala Lumpur

MALAYSIA cut borrowing costs in a US$1.5 billion sale of 10- and 30-year Islamic bonds in its first global debt offering since 2011.

The government issued US$1 billion of 10-year securities to yield 3.04 per cent, or 1.15 percentage points more than similar-maturity US