Pembinaan BLT Sdn, a construction company owned by Malaysia’s Ministry of Finance, sold 1.35 billion ringgit ($441 million) of Islamic bonds to yield 3.60 percent to 4.4 percent, according to two people with direct knowledge of the deal.
The sukuk, which pay returns on assets to comply with Islam’s ban on interest, attracted orders totaling 4.25 billion ringgit, or a bid-to-cover ratio of 3.1 times, said the people who declined to be named because the information is private………………………………………..Full Article: Source