Malaysia ends four-year hiatus with $1.5b sukuk

The Southeast Asian sovereign extends its debt maturity profile with a 10- and 30-year sukuk, despite looming risks of a potential credit downgrade.

Malaysia ends four-year hiatus with $1.5b sukuk

The government of Malaysia priced a $1.5 billion dual-tranche Islamic bond early on Thursday amid fears that the oil exporting sovereign could lose its A rating in the coming months.

With a A3A- rating, the Reg S144A Islamic bond also known as a sukuk was split into a $1 billion 10-year tranche and $500 million 30-year offering, according to a term sheet seen by FinanceAsia.

The...

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