Development Bank of Kazakhstan is bidding to become the first issuer from mostly Muslim Kazakhstan to sell bonds in Malaysia, the world’s leading market for Islamic debt.
State-owned DBK is meeting investors in Kuala Lumpur ahead of a potential sale of sukuk, or Islamic bonds. The move comes after years of speculation about a potential sovereign-linked Kazakh issue in the ringgit market, and also underlines Malaysia’s growing appeal as an alternative international funding market………………………………………..Full Article: Source