By Christine Van Dusen
Atlanta, July 1 - Wakala Global Sukuk Bhd., a special purpose vehicle of the government of Malaysia, priced a $2 billion two-tranche issue of notes due 2016 and 2021 (A3/A-/), according to a company announcement.
The deal included $1.2 billion 2.2991% notes due July 6, 2016 that came at a spread of Treasuries plus 145 basis points and $800 million 4.646% notes due July 6, 2021 at Treasuries plus 165 bps.
Citigroup, HSBC, CIMB and Malayan Banking were the bookrunners for the global sukuk issue.
The deal was oversubscribed by 4.5 times, according to the announcement, and attracted more than $9 billion of orders from 320 investors. About 29% were from the Middle East, 27% from Malaysia, 22% from the rest of Asia, 14% to Europe and 8% from the United States.
| Issuer: | Wakala Global Sukuk Bhd.
|
| Amount: | $2 billion
|
| Description: | Notes
|
| Bookrunners: | Citigroup, HSBC, CIMB, Malayan Banking
|
| Trade date: | June 28
|
| Settlement date: | July 6
|
| Ratings: | Moody's: A3
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| Standard & Poor's: A-
|
|
|
| Notes due 2016
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| Amount: | $1.2 billion
|
| Maturity: | July 6, 2016
|
| Coupon: | 2.2991%
|
| Spread: | Treasuries plus 145 bps
|
|
|
| Notes due 2021
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| Amount: | $800 million
|
| Maturity: | July 6, 2021
|
| Coupon: | 4.646%
|
| Spread: | Treasuries plus 165 bps
|
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