| Investors in Malaysia and Indonesia say they favor sovereign sukuk over a planned dollar issue by the Islamic Development Bank after government securities returned almost twice as much as the multilateral lender’s this year.
IDB’s 1.775 percent Shariah-compliant debt due October 2015 gained 1.1 percent. Indonesia’s 8.8 percent US currency sukuk maturing April 2014 returned 1.6 percent, while Malaysia’s 3.928 percent June 2015 note climbed 3.1 percent, prices from Royal Bank of Scotland Group show..............................................Full Article: Source |