| Global Islamic bond sales look set to miss out on a record year after Malaysia’s sovereign wealth fund postponed what would have been 2014’s biggest offering. The top underwriter is also cautious over the coming year.
Issuance to date is US$2.1bil (RM4.2bil) shy of the unprecedented US$46.8bil (RM162.8bil) in 2012 and more than last year’s US$43.1bil (RM150bil) total, data compiled by Bloomberg show. 1Malaysia Development Bhd (1MDB) put off a plan to sell the equivalent of US$2.4bil (RM8.3bil) of sukuk until the first half of 2015, said two people with knowledge of the deal...............................................Full Article: Source
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