Exim Bank plans US$1b suk

State-owned Export-Import Bank of Malaysia (Exim Bank) plans to sell Islamic bonds in the global market. They invited proposals from banks to arrange US$1bil (RM3.1bil) of dollar-denominated debt for a possible second-quarter offering. The lender aimed to increase the proportion of syariah loans to 30% of the total in two years from 20% now, chief executive officer Adissadikin Ali said. Exim Bank will become only the fourth Asian corporate to ever tap dollar sukuk investors.

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