Malaysia Pays Higher Yields for Aircraft Sukuk to Lure Investors
The government of Malaysia paid higher yields for its second offering of state-backed sukuk on behalf of the national airline to entice investors. The total issuance of the notes had already reached 4.6 billion ringgit ($1.5 billion). The finance ministry was able to sell 1.2 billion ringgit of the debt on January 17th. The orders amounted to 1.5 billion ringgit. In comparison to that, rail operator Syarikat Prasarana Negara Bhd sold 3.6 billion ringgit in bids for a 2 billion ringgit sukuk sale on August 28th. The latter Shariah- compliant debt was government guaranteed as well.