Government of Malaysia’s US$800 Million Sukuk Offering

Linklaters advised the Government of Malaysia on the issuance.

The Government of Malaysia issued US$800m 10-year trust certificates. The issuance is the world’s first sovereign sustainability sukuk, with the proceeds to be used for eligible social and environmental projects. The Government also issued US$500m 30-year trust certificates concurrently with the 10-year issuance.

The joint offering was the highest oversubscription rate ever achieved by the Government of Malaysia – a strong recognition of Malaysia’s capabilities in structuring innovative sukuks in the Islamic finance industry.

The transaction was led by capital markets partners Amit Singh (Picture) and Jonathan Horan based in the firm’s Singapore office and Jonathan Fried based in Dubai, as well as Phill Hall, counsel based in Singapore.

Involved fees earner: Jonathan Fried – Linklaters; Phill Hall – Linklaters; Jonathan Horan – Linklaters; Amit Singh – Linklaters;

Law Firms: Linklaters;

Clients: Government of Malaysia;

Author: Sonia Carcano