UPDATE 1-Malaysia to sell 5-year sukuk at UST+160
KUALA LUMPUR, June 28 (Reuters) - Malaysia will sell 5-year Islamic bonds at 160 basis points above U.S. Treasuries, IFR said on Tuesday.
The government will also sell 10-year sukuk at 20 basis points above the 5-year spread, the publication, a Thomson Reuters unit, said.
Sources told Reuters last week the government had kicked off a roadshow to market the offering, which was expected to be about $2 billion.
Malaysia planned to issue the sukuk under the wakala or Islamic agency structure, the sources said.
The joint lead managers for the sale are Citi , HSBC , CIMB and Malayan Banking .
The Southeast Asian country, which has the world's largest sukuk market, last tapped the global market in May 2010 when it sold $1.25 billion of five-year sukuk ijara or Islamic leasing bonds at a yield of 3.928 percent.
(Click on for more Islamic finance stories and for a speed guide) (Reporting by Liau Y-Sing; Editing by Richard Borsuk)
- Air strike kills 15 civilians in Yemen by mistake: officials
- North Korea executes leader's powerful uncle in rare public purge |
- Insight: In Yemen, al Qaeda gains sympathy amid U.S. drone strikes
- Twitter backtracks on block feature after users revolt
- Iran angry over U.S. sanctions, nuclear talks interrupted