Government successfully prices US$1.5 million sukuk
Bernama
April 21, 2016 12:37 MYT
April 21, 2016 12:37 MYT
The deal was priced after roadshows across global financial centres, including in KL, Hong Kong, Singapore, Abu Dhabi, Dubai, London and New York.
The government, via its special-purpose entity, Malaysia Sukuk Global Bhd, has successfully priced its US$1.5 billion benchmark sukuk, which was oversubscribed by 4.2 times.
In a statement today, the Finance Ministry said, the sukuk, Global Trust Certificates (the Wakala Global Sukuk), was divided into US$1 billion 10-year tranche and US$500 million 30-year tranche at 3.179 percent and 4.08 percent respectively.
"The deal attracted an aggregate interest of over US$6.3 billion from a combined investor base of over 195 accounts," it said.
Treasury secretary-general, Tan Sri Dr Irwan Serigar Abdullah, said this was a remarkable achievement as demonstrated by the tight pricing and excellent response on this landmark sukuk.
The deal was priced after roadshows across global financial centres, including here, Hong Kong, Singapore, Abu Dhabi, Dubai, London and New York.
CIMB, HSBC, JP Morgan and Maybank acted as the joint bookrunners and joint lead managers on the offering.
Fitch Ratings Ltd and Standard and Poor’s Ratings Services are expected to assign 'A-' ratings and Moody’s Investors Services Ltd 'A3' for the sukuk.