Malaysia successfully concluded the sale in two tranches totalling US$2bil (RM6.06bil) of sukuk wakala in the early hours of Wednesday in deals which saw a surprisingly high subscription rate given the uncertainties in the global credit markets and the gloomier global economic outlook.
The tranches a five-year US$1.2bil tranche and a 10-year US$800mil tranche were nearly five times oversubscribed, attracting subscriptions of well over US$9bil (RM27.27bil)……………………………………….Full Article: Source