Malaysia Prices Its First-Ever Sustainability Sukuk Offering

Malaysia sold its first-ever sustainability Sukuk, adding to a growing number of countries turning to debt financing for environmental projects.

The nation priced an $800 million 10-year sustainability Islamic finance offering Wednesday, together with a $500 million 30-year tranche, a person familiar with the matter said. Spreads on both parts of the deal tightened during marketing, and the sustainability Sukuk sold at 50 basis points over Treasuries compared with initial price guidance of around 90 basis points.

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