Malaysia’s Sarawak Hidro Said to Plan $1.3 Billion Sukuk Sale

  • Government-owned company starts AAA-rated Islamic bond program
  • Power generator last sold state-guaranteed notes in 2013

Sarawak Hidro Sdn., the state-owned developer of Malaysia’s biggest hydropower project, plans to offer 5.5 billion ringgit ($1.3 billion) of sukuk without a government guarantee, people with knowledge of the matter said.

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