Advanced Theory & Practice of Bonds

Recognized under IBF-FTS | 7-8 June 2022 | 12 CPD Hours

Comprehensive 2-day course on bonds designed for private bankers, wealth managers and advisors.

Malaysia raised $1.3bn via a two-part offering priced on Wednesday. It raised:

  • $800mn via a 10Y sustainability sukuk at a yield of 2.07%, 40bp inside initial guidance of T+90bp area
  • $500mn via a 30Y sukuk at a yield of 3.075%, 35bp inside initial guidance of T+115bp area

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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