Oil-squeezed Malaysia seen selling sukuk as US$1.2b debt matures
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Kuala Lumpur
MALAYSIA will face pressure to sell global sukuk next year as US$1.2 billion of Islamic debt matures in July and plunging oil prices erode fiscal revenue and currency reserves.
RHB Investment Bank Bhd and Union Investment Privatfonds GmbH see demand for a new Islamic bond holding up because of a scarcity of dollar sukuk and longer-term prospects for Malaysia's finances.
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