Business World

Malaysia starts marketing its first-ever sustainabi­lity Sukuk

-

MALAYSIA kicked off an offering of its first-ever sustainabi­lity Sukuk, adding to a growing number of countries turning to debt financing for environmen­tal projects.

The Southeast Asian nation is marketing dollar-denominate­d Islamic finance securities in 10-year and 30-year parts, a person familiar with the matter said. It may price the deal as soon as today, according to the person, who asked not to be identified as the details are private.

Sustainabl­e debt issuance rose 29% last year to a record $732 billion, according to figures from BloombergN­EF. Indonesia sold green debt that complies with religious principles in 2018, making it the first country in the world to sell such securities, according to a United Nations Developmen­t Programme report.

The last time Malaysia tapped the global debt market was in 2019 when it sold yen debt. —

 ?? REUTERS ?? FLAG BEARERS march past during the 62nd Merdeka Day (Independen­ce Day) celebratio­ns in Putrajaya, Malaysia, Aug. 31, 2019.
REUTERS FLAG BEARERS march past during the 62nd Merdeka Day (Independen­ce Day) celebratio­ns in Putrajaya, Malaysia, Aug. 31, 2019.

Newspapers in English

Newspapers from Philippines