June 7, 2011 / 7:28 AM / in 7 years

Malaysian govt to issue $2 bln sukuk by end June/early July-source

KUALA LUMPUR, June 7 (Reuters) - The Malaysian government plans to sell $2 billion in global sukuk by the end of June or early July, a source with direct knowledge of the matter told Reuters.

The source said that the joint lead managers for the sukuk issue are Citi , HSBC , CIMB and Malayan Banking .

The wakala-structured sukuk will be offered in a combination of two tenor tranches, which are still being finalised, the source added.

Last week a source said the government planned to sell more than $1 billion in global Islamic bonds. (Reporting by Min Hun Fong; Editing by Kim Coghill)

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