| From Financeasia.com: The Malaysia sovereign ended an eight-year absence from the international debt markets with the issue of a $1.25 billion sukuk, or Islamic bond, early Friday morning. The 144A/Reg-S registered securities were issued with a five-year bullet that has been set to mature on June 4, 2015.
With a 3.93% fixed-rate coupon and a yield of 3.87%, this is only the second bond to be issued by an emerging market country in the past five years to yield below 4% -- and the first ever by an Asian emerging market sovereign. The last country to issue at sub-4% was Russia, which sold a $5.5 billion dual-tranche bond in April that paid a yield of 3.741% on the $3.5 billion five-year tranche...........................................Full Article: Source
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