IslamicFinance.de

Celcom Axiata Bhd has reached a price of RM5bil in nominal value for its sukuk issuance. Via bookbuilding process, RM3bil of it received a final book of RM10bil. There is a strong demand for the RM3bil sukuk from asset management companies, financial institutions, insurance companies and corporate organisations. The remaining sum of RM2bil is privately allocated. According to Celcom, the RM5bil sukuk was the largest rated sukuk murabahah issuance based on a tawarruq arrangement in the Malaysian debt capital market to date.