Malaysia launches RM500m sukuk for Covid-19 recovery
Published Tue, Aug 18, 2020 · 03:44 AM
[KUALA LUMPUR] Malaysia's finance ministry on Tuesday launched a RM500 million (S$163.2 million) sukuk as part of the government's efforts to raise funds for their coronavirus economic recovery plan.
The Sukuk Prihatin will be offered on digital banking platforms from Aug 18 to Sept 17, offering a 2 per cent profit rate over a two-year maturity period, according to a statement from the ministry.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say