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Malaysia sukuk yield at 18-month high

Investors say they don't see longer-term borrowing getting cheaper anytime soon

Investors are shunning 10-year sovereign sukuk as a sliding ringgit hurts sentiment and fuels capital outflows. The concern was reflected in a conventional sale of 2025 bonds last week that drew the fewest bids since December.

Kuala Lumpur

PRIME Minister Najib Razak's plan to revive Malaysia's faltering economy is getting no help from the country's Islamic bond market.

Yields on government 10-year sukuk, used by companies to gauge the cost of Syariah-compliant financing, are at their highest level in 18