| Last Thursday was a good day for the sukuk market and Malaysia government global sovereign papers. The closing of the dual tranche $2 billion Wakala (agency) sukuk issued by the Wakala Global Sukuk Berhad on behalf of the Malaysian government, who is also the obligor, not only set new milestones but also confirmed yields below the guidance price.
Thus augurs well for the Malaysian market where a yield curve for sovereign sukuk is fast emerging given that the $2 billion offering is the third Malaysian sovereign global sukuk offering in the last 11 years..............................................Full Article: Source |