Malaysia to launch the world's first Islamic global bond

HSBC will lead manage a roughly $400 million to $500 million 144a issue for the sovereign as it attempts to diversify its investor base and deepen the market for Islamic products.

Roadshows for the pioneering issue are provisionally scheduled to begin in Hong Kong on Friday before moving to Europe and the Middle East next week, then back to Asia for pricing the middle of the week beginning June 24.

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