Malaysia Returning to Market

Malaysia has started marketing its upcoming 1.5 billion dollar sukuk issuance, which would be the second in two years. Bloomberg TV Malaysia’s Han Tan considers the timing of the proposed issue in light of expected delays in further U.S. Fed rate hikes.

Investor Meetings Targeting US, Europe and Asia

Investor meetings are being arranged by CIMB, HSBC, JP Morgan and Maybank. Malaysia is rated A3/A-/A- (Moody’s/Fitch/S&P) with a stable outlook. Malaysia last issued sovereign US dollar last year with a dual issuance consisting of a 10 year $1 billion issuance, and a 30 year $500 issuance.