Malaysia’s MYR 500 Million Sukuk Prihatin Oversubscribed; Government Rolls Out Additional MYR 166 Million Issuance

Malaysia's Sukuk Prihatin, which was launched on the 18th of August 2020 as part of the Government of Malaysia’s National Economic Recovery Plan (Penjana), has been oversubscribed with a total subscription of more than MYR 666 million, upon closing of the subscription period on the 17th of September 2020, according to local media reports.

The subscription had surpassed the initial target issuance size of MYR 500 million, according to Tengku Datuk Seri Zafrul Abdul Aziz, Minister of Finance, who added that the Government had decided to upsize the total issuance by an additional MYR 166 million, in response to the overwhelming demand from eligible subscribers.

The Sukuk Prihati...