SapuraKencana Petroleum, Malaysia's leading oil and gas company, announced it had issued $200 million worth of sukuk on Tuesday to refinance some of its debt. The issuance, the first tranche of a multicurrency, medium-term notes program, is being offered through wholly owned subsidiary SapuraKencana TMC. The deal was priced at 4.85% with a seven year maturity and marked a rate foreign currency suk... »

Spreads on 10 year Malaysian sukuk over conventional have more than halved since being added to the Barclays Capital Aggregate Bond Index. Malaysia's Shariah-compliant government investment issues were included in the Barclays Global Aggregate Index on March 31, with a weighting of 0.18 percent. At the time of the announcement it was estimated the move would attract at least $2.5 billion to $3 bil... »

Sukuk gained marginally c.0.04%; yield rose to 2.353%. The Bloomberg Malaysia Sukuk Ex-MYR Total Return (BMSXMTR) ended flat (+0.04% WoW) at 101.63 (week prior: -0.22% to 101.59), with weighted average yield widening 1.0bps to 2.353% (week prior: +5.9bps to 2.343%). »