Malaysia Debt Ventures to Raise USD 477 Million via Sukuk by February 2022

Government-owned venture capital firm Malaysia Debt Ventures Berhad (MDV) is planning to raise MYR 2 billion (USD 477 million) via the launch of its Sukuk/ Bond Programme by February this year, pending the Malaysian government’s green light before the official launch.

Why it Matters?

MDV is mandated by the Malaysian government to enable the development of the technology sector in the country. The Sukuk marks the firm’s first issuance based solely on its own corporate credit ratings, without a government guarantee. Funds raised from the Sukuk will be channelled to finance technology-based companies within sectors covered by MDV’s financing mandate, including digitalisation, connectivity, and green technology.

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