IslamicFinance.de

Islamic bond sales are off to a racing start this year as Malaysia plans to tap the market following Indonesia’s $2.5bn issue, which was more than three times oversubscribed. Global sukuk offerings of $11.3bn are already 30% more than the first quarter of last year and are approaching the $12bn for the same period of 2014. Malaysia selected JPMorgan Chase & Co, CIMB Group Bhd, Malayan Banking Bhd and HSBC Holdings to arrange investor meetings for as early as the end of this week. Emerging-market dollar bonds are rallying this quarter after commodities rebounded and the Federal Reserve signalled a more gradual pace for US interest-rate increases.