{"id":9247,"date":"2021-04-24T15:11:51","date_gmt":"2021-04-24T07:11:51","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=9247"},"modified":"2021-04-24T15:11:53","modified_gmt":"2021-04-24T07:11:53","slug":"sustainability-sukuk-oversubscription-proves-malaysia-on-track-for-recovery","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=9247","title":{"rendered":"Sustainability Sukuk oversubscription proves Malaysia on track for recovery"},"content":{"rendered":"\n

KUALA LUMPUR, April 24\u00a0— Malaysia’s sustainability Sukuk\u00a0issuance which was oversubscribed by 6.4 times recently proved that the country is on the right track in managing its\u00a0economy towards more sustainable and stable growth,\u00a0said\u00a0Prime Minister Tan Sri Muhyiddin Yassin.<\/p>\n\n\n\n

\u00a0\u201cThis reflects\u00a0the 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 last one year,\u201d he said.<\/p>\n\n\n\n

\"sustainability<\/figure><\/div>\n\n\n\n

Last Thursday, the government successfully priced the world’s first sovereign US dollar Sustainability Sukuk via the issuance of US$800 million 10-year trust certificates and US$500 million 30-year trust certificates for comprehensive distribution stretching from Asia to the United States.<\/p>\n\n\n\n

\u201cThe 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,\u201d he said in a press statement today.<\/p>\n\n\n\n

Through the oversubscription of 6.4 times, the original issuance size was increased from US$1.0 billion to US$1.3 billion. Based on the encouraging demand, the government had successfully fixed a competitive price for the Sustainability Sukuk.<\/p>\n\n\n\n

\u201cI would like to thank the Ministry of Finance and the agencies involved such as Bank Negara Malaysia, which have cooperated in the successful marketing and issuance of a unique and excellent Sustainability Sukuk in terms of an innovative Islamic finance instrument.\u201d<\/p>\n\n\n\n

Muhyiddian said he was confident this would further enhance Malaysia’s position as a leader in the global Islamic finance sector.<\/p>\n\n\n\n

\u201cInsyaAllah, 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.\u201d<\/p>\n\n\n\n

— BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, April 24\u00a0— Malaysia’s sustainability Sukuk\u00a0issuance which was oversubscribed by 6.4 times recently proved…<\/p>\n","protected":false},"author":1,"featured_media":9248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[524],"tags":[],"class_list":["post-9247","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\/Screen-Shot-2021-04-24-at-15.07.49.png",589,317,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/Screen-Shot-2021-04-24-at-15.07.49-150x150.png",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/Screen-Shot-2021-04-24-at-15.07.49-300x161.png",300,161,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/Screen-Shot-2021-04-24-at-15.07.49.png",589,317,false],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/Screen-Shot-2021-04-24-at-15.07.49.png",589,317,false],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/Screen-Shot-2021-04-24-at-15.07.49.png",589,317,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/Screen-Shot-2021-04-24-at-15.07.49.png",589,317,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/Screen-Shot-2021-04-24-at-15.07.49.png",589,317,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/Screen-Shot-2021-04-24-at-15.07.49.png",589,317,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/04\/Screen-Shot-2021-04-24-at-15.07.49.png",589,317,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\/9247","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=9247"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/9247\/revisions"}],"predecessor-version":[{"id":9249,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/9247\/revisions\/9249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/9248"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}