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STAN Standard Chartered Plc

778.40
2.40 (0.31%)
14 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Standard Chartered Plc LSE:STAN London Ordinary Share GB0004082847 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.40 0.31% 778.40 777.00 777.40 781.40 767.40 767.40 7,005,340 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 18.02B 3.47B 1.2403 6.27 21.74B

Malaysia Sells USD Islamic Bonds Worth $1.5 Billion

16/04/2015 5:32am

Dow Jones News


Standard Chartered (LSE:STAN)
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   By Jason Ng 
 

KUALA LUMPUR--Malaysia said Thursday it has sold sovereign Islamic bonds, or sukuk, worth $1.5 billion marking its fourth U.S. dollar denominated global issuance.

The $1 billion 10-year and $500 million 30-year sukuk attracted bids over $9 billion, the Ministry of Finance said in a statement. The 10-year tranche was oversubscribed by almost seven times while the 30-year tranche, the longest maturity ever by a sovereign, was oversubscribed by about six times.

Proceeds from the sale will be used to redeem a $1.25 billion sukuk maturing in June and finance development expenditures, the Finance Ministry said.

The Sukuk are expected to be rated A minus by Standard and Poor's and A3 by Moody's. Malaysia's last global sukuk issuance was in 2011.

CIMB Investment Bank Bhd, Hongkong and Shanghai Banking Corporation Limited, and Standard Chartered PLC (STAN.LN) were the joint bookrunners and managers for the deal.

Write to Jason Ng in Kuala Lumpur at jason.ng@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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