Malaysia sells $800 mln sustainability sukuk with public transportation vouchers as underlying assets
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Malaysia sells $800 mln sustainability sukuk with public transportation vouchers as underlying assets
23 Apr 2021 | Friday Source: Salaam Gateway
The Malaysian government has issued its first-ever U.S. dollar sustainability sukuk, with its underlying assets being vouchers representing travel entitlement on the public train transportation system.
Other stats about the sukuk sale:
- Investor geographies: The ten-year sukuk was distributed to investors in Asia, 33% to Europe, Middle East and Africa, and 12% to the United States.
- Investor geographies: 46% of the principal amount of the 30-year sukuk was distributed to investors in Asia, 33% to EMEA and 21% to the U.S.
- By investor type: Distribution of the ten-year tranche was 67% to fund managers and insurance companies, 18% to central banks and governments, 14% to banks and 1% to other investors.
- By investor type: Distribution of the 30-year tranche was 83% to fund managers, 10% to banks, 4% to central banks and governments, and 3% to other investors.
