KUALA LUMPUR (April 22): The Government has successfully priced the world’s first sovereign US Dollar Sustainability Sukuk, via the issuance of US$800 million 10-year Trust Certificates and also issued US$500 million 30-year Trust Certificates with the allocation well spread globally from Asia to the United States. Investors’ confidence was clearly reflected in the offering being oversubscribed by 6.4 times. It said both tranches have been assigned a rating of A3 by Moody's Investors Service and A- by S&P Global Ratings. Malaysia’s maiden Sustainability Sukuk is the world’s first US Dollar Sustainability Sukuk issued by a sovereign, whereby proceeds will be used for eligible social and green projects aligned to the United Nations’ Sustainable Development Goals (SDG) Agenda. The Sustainability Sukuk is issued via a special purpose vehicle, Malaysia Wakala Sukuk Bhd, and based on Malaysia’s newly-established The Government of Malaysia SDG Sukuk Framework.

Source: The Edge Markets April 22, 2021 01:30 UTC