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Malaysia Sells World’s 1st Sovereign Dollar Sustainability Sukuk

  • Sovereign sold $800 million 10-year ESG Sukuk in two-part deal
  • Malaysia unveiled a stimulus package for economy last month
Empty Streets Show Lack of Eid Shopping Boom in Southeast Asia
Photographer: Ian Teh/Bloomberg
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Malaysia became the first country to sell a dollar Sukuk linked to sustainable activities, adding to a growing number of issuers turning to debt financing for environmental and social projects.

The Southeast Asian country priced $800 million of 10-year sustainability Islamic finance notes on Wednesday, Malaysia’s finance ministry said. The deal also included a $500 million 30-year tranche. The offering was oversubscribed by 6.4 times.