Photo for illustrative purposes only. Passengers waiting to get on a light rail transit (LRT) train at a station in Kuala Lumpur, Malaysia, on Nov 14, 2017. Vouchers representing travel entitlement on the LRT are one of the underlying assets of Malaysia's first USD sustainability sukuk, the others being from the MRT and KL Monorail networks.

Islamic Finance

Malaysia sells $800 mln sustainability sukuk with public transportation vouchers as underlying assets

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BY Staff Writer
22 Apr 2021
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Salaam Gateway

The Malaysian government has issued its first-ever U.S. dollar sustainability sukuk, with its underlying assets being vouchers representing travel entitlement on the public train transportation system.

In a statement on Thursday (Apr 22), the ministry of finance said the ten-year $800 million sukuk was priced at 2.07%.

The sovereign also sold $500 million in 30-year trust certificates priced at 3.075%.

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tags:

Sukuk
Sustainable financing