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Malaysia Plans $1B Note Sale

Malaysia is seeking to raise $1 billion in a sale of global Islamic bonds or sukuk.

    Malaysia is seeking to raise $1 billion in a sale of global Islamic bonds or sukuk,Reutersreports. The securities are expected to mature in 10 years.

    The deal will be arranged byMaybank,CIMB,CitigroupandHSBC. The Malaysian government sold $1.25 billion of five-year Islamic leasing bonds or sukuk ijara last year.

    Click here for the story fromReuters.

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