By BERNAMA
Mohd Irwan Serigar Abdullah
Malaysia is studying a potential US dollar-denominated sukuk to repay an earlier issuance, Treasury secretary-general Mohd Irwan Serigar Abdullah said.
He denied a wire service report that the proposed issuance of the US dollar-denominated Islamic bond was to repay the 1Malaysia Development Bhd’s (1MBD’s) debts.
“It has nothing to do with the 1MDB’s debts, instead we want to raise the sukuk to repay an earlier issuance,” he told a press conference here today.
Mohd Irwan Serigar said the government had appointed CIMB, HSBC and Standard Chartered to arrange meetings with fixed income investors in Asia, Central Asia, Europe and the US from Monday for the sukuk issuance.
“If the market conditions are suitable, the government will offer the US-dominated trust certificate and we are going to the market to redeem the sukuk that we had issued in 2010 amounted to US$1.25 billion (RM4.6 billion) which matures in June 2015,” he said.
Expressing his dismay over the misleading report by The Edge today, Mohd Irwan Serigar demanded the financial newspaper to make a public apology over the report.
The Edge and the news agency had since removed the stories from their portals.
Mohd Irwan Serigar said retraction of the stories was not enough as the news that the government was raising funds to repay 1MDB’s debts had sparked confusion in the market.
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