Malaysia has issued the world’s first sovereign US dollar, upsizing the offering from an initial target size of US$1 billion to US$1.3 billion as oversubscription hit 6.4 times. Proceeds from the sukuk will be used for eligible social and green projects aligned to the UN SDGs. The sukuk attracted a diverse group of investors with 55 percent of the principal amount of the 10-year Sukuk distributed to investors in Asia, 33 percent to EMEA and 12 percent to the United States, whilst 46 percent of the principal amount of the 30-year Sukuk distributed to investors in Asia, 33 percent to EMEA and 21 percent to the United States.
