New Issue: Malaysia prices $1.5 billion Islamic bonds due 2025, 2045

By Christine Van Dusen

Atlanta, April 15 – Malaysia priced a $1.5 billion issue of 10- and 30-year Islamic bonds on Wednesday, a syndicate source said.

The deal included $1 billion notes due 2025 that priced at par to yield 3.043%, or Treasuries plus 115 basis points. The notes priced tighter than talk set at 135 bps over Treasuries.

The $500 million notes due 2045 priced at par to yield 4.236%, or Treasuries plus 170 bps. Talk was set at 185 bps over Treasuries.

CIMB, HSBC and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.

Issuer:	Malaysia
Amount:	$1.5 billion
Description:	Islamic bonds
Bookrunners:	CIMB, HSBC, Standard Chartered Bank
Trade date:	April 15
Settlement date:	April 22
Distribution:	Rule 144A and Regulation S
Notes due 2025
Amount:	$1 billion
Maturity:	April 22, 2025
Coupon:	3.043%
Price:	Par
Yield:	3.043%
Spread:	Treasuries plus 115 bps
Price talk:	Treasuries plus 135 bps
Notes due 2045
Amount:	$500 million
Maturity:	April 22, 2045
Coupon:	4.236%
Price:	Par
Yield:	4.236%
Spread:	Treasuries plus 170 bps
Price talk:	Treasuries plus 185 bps

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