Malaysia's green sukuk gets Khazanah's debut boost

Kuala Lumpur

MALAYSIA'S state-owned sovereign wealth fund Khazanah Nasional Bhd is giving the government's green financing initiative a boost with a plan to sell the nation's first sukuk under socially responsible investment (SRI) guidelines.

Khazanah is considering issuing a benchmark-sized ringgit-denominated Islamic bond to finance expansion in its education or renewable energy businesses, chief financial officer Mohd Izani Ghani said on Nov 20. The notes will probably be issued in the second half of 2015, he said.

Malaysia, which pioneered Islamic finance 30 years ago and is now the world's biggest Syariah-compliant debt market, is promoting green and SRI bonds after introducing guidelines in...

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