Malaysia is said to be planning a 10- year dollar-denominated Islamic bond, its second sovereign sale of Shariah-compliant debt in a year, four people familiar with the matter said.
Three local investment banks submitted pitches proposing a size of $500 million to $1.7 billion, said the people who couldn’t be named as the matter is confidential. The deadline for the request for proposals from bankers has closed, they said……………………………………….Full Article: Source