![\"sustainability](\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1.jpg\")
<\/figure><\/div>\n\n\n\nMore importantly, it said, this demonstrates the market\u2019s confidence in Malaysia\u2019s economic recovery and growth prospects, despite a challenging past year due to the Covid-19 pandemic.<\/p>\n\n\n\n
\u201cWe are extremely pleased and honored by the investors\u2019 vote of confidence in our maiden sustainability Sukuk issuance, which also reflects their belief in Malaysia\u2019s strong economic fundamentals and solid prospects for growth,\u201d finance minister Tengku Zafrul Aziz said in the statement.<\/p>\n\n\n\n
He said the issuance is not only a global first on many fronts, but also a strong recognition of Malaysia\u2019s Islamic finance industry\u2019s innovative capabilities in structuring sukuk to help advance Malaysia\u2019s SDG-focused policies towards achieving the Shared Prosperity Vision 2030.<\/p>\n\n\n\n
Subsequent to a virtual roadshow covering Asia, the Middle East, Europe and the US, the sukuk attracted a diverse group of investors.<\/p>\n\n\n\n
The allocation was well-spread globally, with 55% of the principal amount of the 10-year sukuk distributed to investors in Asia, 33% to Europe, the Middle-East and Africa (EMEA) and 12% to the US, while 46% of the principal amount of the 30-year sukuk was distributed to investors in Asia, 33% to EMEA and 21% to the US.<\/p>\n\n\n\n
By investor type, the distribution of the 10-year tranche was 67% to fund managers and insurance companies, 18% to central banks and governments, 14% to banks and 1% to other investors.<\/p>\n\n\n\n
For the 30-year tranche, 83% went to fund managers, 10% to banks, 4% to central banks and governments and 3% to other investors.<\/p>\n\n\n\n
Malaysia\u2019s maiden sustainability sukuk is the world\u2019s 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\u2019 Sustainable Development Goals (SDG) Agenda.<\/p>\n\n\n\n
This will enable Malaysia to not only meet its commitments as a responsible nation and signatory to the Paris Agreement, but also further its efforts to advance its people\u2019s socio-economic well-being.<\/p>\n\n\n\n
It is also a testament to the Government\u2019s efforts in combating climate change, as well as accelerating the transition towards a more resilient and inclusive economy, in line with the Government\u2019s Shared Prosperity Vision 2030, said the ministry.<\/p>\n\n\n\n
This Sukuk is also unique as its underlying assets are sustainable assets, being vouchers representing travel entitlement on Malaysia\u2019s Light Rail Transit, Mass Rapid Transit and KL Monorail networks.<\/p>\n\n\n\n
As the first sovereign issuance with such assets in a sukuk structure, this issuance sets a new benchmark and showcases Malaysia\u2019s global leadership in Islamic finance, reinforcing the country\u2019s position as the world\u2019s largest sukuk market.<\/p>\n\n\n\n
The Sustainability Sukuk is issued via a special purpose vehicle, Malaysia Wakala Sukuk Bhd, and based on Malaysia\u2019s newly-established The Government of Malaysia SDG Sukuk Framework.<\/p>\n\n\n\n
The Framework was assessed by Sustainalytics, which has declared it as being aligned with the four core components of the Social Bond Principles 2020 (SBP), the Green Bond Principles 2018 (GBP), and the ASEAN Sustainability Bond Standards 2018 (ASEAN SUS).<\/p>\n\n\n\n
Both the Framework and\u00a0Sustainalytics\u2019\u00a0Second Party Opinion can be accessed at\u00a0https:\/\/www.mof.gov.my\/en\/economy\/sustainability<\/a>.<\/p>\n\n\n\n CIMB, HSBC, and JP Morgan acted as the Joint Bookrunners and Joint Lead Managers on this offering. In addition, HSBC Amanah Malaysia and JP Morgan were the Joint SDG Structuring Agents.<\/p>\n\n\n\n The Sustainability Sukuk\u2019s Shariah structure has been approved by the Board Shariah Committee of CIMB Islamic Bank Bhd and HSBC Global Shariah Supervisory Committee.<\/p>\n\n\n\n BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" KUALA LUMPUR: The government has successfully priced the world\u2019s first sovereign US dollar sustainability sukuk,…<\/p>\n","protected":false},"author":1,"featured_media":9217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[524],"tags":[],"class_list":["post-9216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1.jpg",653,465,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1-300x214.jpg",300,214,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1.jpg",640,456,false],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1.jpg",640,456,false],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1.jpg",653,465,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1.jpg",653,465,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1.jpg",653,465,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1.jpg",653,465,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/kl-skyline-fmt-300121-1.jpg",653,465,false]},"author_info":{"info":["Editor"]},"category_info":"Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/9216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9216"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/9216\/revisions"}],"predecessor-version":[{"id":9218,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/9216\/revisions\/9218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/9217"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}