PM: Oversubscription of sustainability sukuk proves Malaysia on right track for recovery

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Malaysia's sustainability sukuk issuance which was oversubscribed by 6.4 times recently proved that the country is on the right track in managing its economy towards more sustainable and stable growth, said Prime Minister Muhyiddin Yassin.“This reflects the confidence of investors in the country and market on the recovery and Malaysia's economic growth prospects even though the government is facing tough challenges due to the Covid-19 pandemic over the last one year,” he said.Last Thursday, the government successfully priced the world's first sovereign US dollar Sustainability Sukuk via the issuance of US$800 million 10-year trust certificates and US$500 million 30-year trust certificates for comprehensive distribution stretching from Asia to the United States.“The Malaysian government's success in issuing the world's first sovereign sustainability sukuk in…