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Malaysia raised $1.3bn via a two-part offering priced on Wednesday. It raised:
The bonds have expected ratings of A3/A-, 1.7x issue size of $2.3bn. Malaysia Wakala Sukuk, an SPV wholly-owned by Malaysia, is the issuer and the sovereign is the obligor of the sukuk. Proceeds of the sustainability sukuk tranche will be used for sharia-compliant general purposes such as financing or refinancing development spending in social and/or green focused areas under the sovereign’s sustainable development goals sukuk framework.
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