The Finance Ministry paid a 50 basis-point premium for a 20-year sukuk over non-Islamic sovereign debt, the biggest spread this year for government-guaranteed syariah-compliant notes.
Turus Pesawat Sdn, a company set up to sell the securities that will fund aircraft purchases on behalf of loss-making carrier Malaysian Airlined, sold RM3.4bil of debt in total, said two people familiar with the deal who declined to be named because the details are private. The RM1.65bil portion of 2032 notes yielded 4.36%, the top end of the 40 basis-point to 50 basis-point guidance, they said………………………………………..Full Article: Source