KUALA LUMPUR – Malaysia’s sustainability sukuk issuance, which was oversubscribed to 6.4-fold recently, proves that the country is on the right track in managing its economy towards more sustainable and stable growth, said Prime Minister Tan Sri Muhyiddin Yassin.
“This reflects the confidence of investors in the country and market on the recovery and Malaysia’s economic growth prospects, even though the government is facing tough challenges due to the Covid-19 pandemic over the past year,” he said.
Last Thursday, the government successfully priced the world’s first sovereign US dollar sustainability sukuk via the issuance of US$800 million (RM3.2 billion) 10-year trust certificates and US$500 million 30-year trust certificates for comprehensive distribution stretching from Asia to the United States.
“The Malaysian government’s success in issuing the world’s first sovereign sustainability sukuk in US dollar worth US$1.3 billion is a proud achievement for the country,” he said in a press statement today.
Through the oversubscription, the original issuance size was increased from US$1.0 billion to US$1.3 billion.
“I would like to thank the Finance Ministry and agencies involved, such as Bank Negara Malaysia, which cooperated in the successful marketing and issuance of a unique and excellent sustainability sukuk in terms of an innovative Islamic finance instrument.”
Muhyiddin said he is confident this will enhance Malaysia’s position as a leader in the global Islamic finance sector.
“InsyaAllah, the sustainability sukuk will continue to put us on a development foundation that is more sustainable, stable, resilient and competitive in line with the Shared Prosperity Vision 2030.” – Bernama, April 24, 2021
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