Thursday 13, February 2014 by Matthew Amlôt

Malaysia's EXIM Bank's Issuance Marks The World's First EXIM Bank To Price A USD Sukuk

Export-Import Bank of Malaysia Berhad (“MEXIM”) today announced the successful pricing of its $300.0 million, 5-year Reg-S Sukuk issuance via EXIM Sukuk Malaysia Berhad, pursuant to its $1.0 billion multicurrency Sukuk issuance programme. The inaugural Sukuk offering was priced at 140 basis points over US Treasuries (“UST”), which is equivalent to an all-in yield of 2.874 per cent per annum, which was tightened from the initial price guidance of 165 basis points over UST.

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Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more