21.05.2009 - Malaysia state fund to sell Islamic bonds
From Bloomberg: Terengganu Investment Authority Bhd., the first wealth fund set up by a Malaysian state, will sell 30- year Islamic bonds and may issue securities backed by oil royalties to raise a combined 11 billion ringgit ($3.1 billion). Terengganu Investment Authority will price 5 billion ringgit of Islamic bonds next week, officials at the fund said in an interview today. The bonds will be guaranteed by the Malaysian government, whose debt is rated A3 by Moody’s Investors Service, the seventh-highest investment grade.......Full Article: Source