Malaysia secures record-low spread on dollar sukuk as global demand hits US$9.5b

Malaysia successfully achieved its lowest-ever pricing spread on a dollar-denominated sovereign bond through its global sukuk issuance, attracting over US$9.5 billion in demand.

The high demand, marked by an over-subscription rate of 4.7 times, underscores investor confidence in Malaysia's economic stability, enabling the government to reduce the spread by 30 basis points.

The final pricing set yields at 4.612% for the 5.75-year tranche and 4.949% for the 10-year tranche, both with competitively low spreads over U.S.

KUALA LUMPUR — Malaysia has secured its lowest-ever pricing spread on a dollar-denominated sovereign bond, after drawing more than US$9.5 billion (RM38.6 billion) in total demand for its global sukuk issuance, Parliament was told.

“This sukuk issuance recorded the lowest spread in history, as well as an over-subscription rate of 4.7 times with peak subscription demand exceeding US$9.5 billion from high-quality institutional investors worldwide,” the Ministry of Finance said in a written reply (November 3) to Kalam Salan (PN-Sabak Bernam).

“This strong demand enabled the government to reduce the spread by 30 basis points.”

Over-subscription in government securities can often be read as investors’ confidence in an economy, viewing it as highly stable and creditworthy. The strong global demand means Putrajaya can negotiate a record-low spread (risk premium) and significantly lower its borrowing costs.

Under the final pricing, the 5.75-year tranche was set at 15 basis points over 5-year US Treasuries to yield 4.612 per cent per annum, the reply said.

The 10-year tranche was priced at 25 basis points above 10-year US Treasuries, carrying a yield of 4.949 per cent per annum.

Tabung Haji has implemented 76pc of RCI recommendations, Parliament told

Academics to get special protected status under proposed UUCA replacement, says Adam Adli

Lawyer Shafee rubbishes reports of Najib paying RM50m fine today for house arrest

马来西亚通过全球伊斯兰债券发行，成功实现了以美元计价的主权债券有史以来最低的定价差价，吸引了超过 95 亿美元的需求。

认购率高达 4.7 倍，表明市场需求旺盛，凸显了投资者对马来西亚经济稳定的信心，也使得政府能够将利差降低 30 个基点。

最终定价方案中，5.75年期债券收益率为4.612%，10年期债券收益率为4.949%，两者的利差均低于美国国债收益率。

吉隆坡——马来西亚国会获悉，该国以美元计价的主权债券发行总需求超过95亿美元（386亿令吉），实现了有史以来最低的定价差价。

财政部在11月3日回复卡拉姆·萨兰（PN-Sabak Bernam）的书面答复中表示：“此次伊斯兰债券发行创下了历史最低利差，认购倍数达到4.7倍，来自全球优质机构投资者的认购峰值超过95亿美元。”

“强劲的需求使得政府得以将利差降低30个基点。”

政府债券的超额认购通常被解读为投资者对经济的信心，认为其高度稳定且信誉良好。强劲的全球需求意味着布城能够以创纪录的低利差（风险溢价）达成协议，并大幅降低其借贷成本。

回复称，根据最终定价，5.75 年期债券的收益率比 5 年期美国国债高出 15 个基点，年收益率为 4.612%。

10 年期债券的定价比 10 年期美国国债高出 25 个基点，年收益率为 4.949%。

据国会消息，朝圣基金局已落实了RCI建议的76%。

亚当·阿德利表示，根据拟议的《统一宇宙射线控制法案》（UUCA）替代方案，学者将获得特殊的保护地位。

律师沙菲驳斥了有关纳吉布今日因软禁支付5000万令吉罚款的报道。