| Cagamas Bhd has successfully issued Malaysia's first RM1 billion Sukuk al-Amanah Li al-Istithmar (Sukuk ALIm). With an issuance size of RM1 billion, the tradable Sukuk attracted strong demand from a wide and diverse investor base evidenced by an impressive book building exercise which registered a subscription rate of 2.7 times. Cagamas said, most notably, the Sukuk ALIm attracted strong interest of 43 per cent from offshore investors, with 33 per cent from Middle Eastern investors. Through the issuance of Sukuk ALIm, Cagamas has not only successfully increased and enhanced the diversity of its investor base but has made inroads in Shariah harmonisation. |
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