17.06.2011 - Malaysia targets $2bln global Sukuk offering
HSBC, CIMB, Maybank, and Citibank to lead sukuk issue as Malaysia plans to repeat roadshows conducted in Asia, the Middle East and Europe. Malaysia is planning to raise up to $2bn via an issue of global sukuk, or Islamic bonds, Mukhtar Hussain, chief executive of HSBC Bank Malaysia Berhad, said. The bond, if successful, would be the largest sovereign issue to be undertaken by Malaysia. In June last year, the sovereign raised $1.25bn via a dollar-denominated, five-year global Islamic bond, or sukuk..............................................Full Article: Source
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