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Allen & Overy advises on first sukuk by an Asian emerging market sovereign


Allen & Overy advised the Government of Malaysia on its USD1.25 billion global sukuk al-ijara issue, Malaysia's first global securities issuance in eight years.  Barclays Capital, CIMB and HSBC were joint lead managers and joint bookrunners. 

The sukuk was only the second securities issuance by an emerging market country in the past five years to yield below 4%, and the first ever by an Asian emerging market sovereign.  The deal also represented the largest global sovereign Islamic issuance at that time.

The transaction won the Islamic Finance News Awards 2010 "Deal of the Year" and "Sovereign Deal of the Year".

Further Information

For further information please contact Lucy Turner at or on +971 2 418 0443.




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