04.07.2011 - Malaysia prices $2 bln dual-tranche global Sukuk despite market volatility
Malaysia’s biggest global bond deal ever, its third Islamic bond issue and the first in the 10-year space, with roadshows around the world ahead of the launch, covering Kuala Lumpur, Hong Kong, Singapore, Abu Dhabi, Dubai, Riyadh, London and New York. Some 320 institutions placed $9 billion worth of orders, with strong support from the Middle East and Malaysia itself. The sovereign has no plans to issue conventional bonds, which has boosted ‘conventional’ demand for the Sukuk – foreign investors have no other way of gaining exposure to the Malaysian sovereign..............................................Full Article: Source
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