Malaysia issues US$800 million sustainability sukuk, world’s first by a sovereign

KUALA LUMPUR: Malaysia has issued US$800 million 10-year trust certificates, the world’s first sovereign US dollar sustainability sukuk, the finance ministry said on Wednesday (Apr 21).

In addition, the country also issued US$500 million 30-year trust certificates, the ministry said in a statement.

Malaysia upsized the sukuk offering from an initial target size of US$1 billion to US$1.3 billion due to overwhelming demand as oversubscription hit 6.4 times. 

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