Mexim prices 2014’s first dollar sukuk

The $300 million five-year sukuk achieved a pricing tighter than fair value when compared to the company's conventional note.

Mexim prices 2014’s first dollar sukuk

Malaysia Export-Import Bank Mexim sold the world’s first international sukuk of the year on Monday, pricing its maiden Islamic note inside its existing conventional bond’s curve.

Mexim’s $300 million five-year sukuk achieved a pricing tighter than fair value when compared to its conventional note an accomplishment rarely seen for first time issuers especially in the Islamic bond space.

The Reg S-registered Islamic bond which is also the world's first from an Exim...

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