Linklaters, Lee Hishammuddin Allen & Gledhill, Clifford Chance and Kadir Andri & Partners have advised on a $2 billion sovereign Islamic bond issue by the government of Malaysia.
The U.S. dollar-denominated bonds were issued late last month in two tranches, $1.2 billion in five-year notes yielding 3 percent and $800 million in 10-year notes yielding 4.6 percent. Islamic law bars the charging of interest, so such securities are typically backed by assets, an ownership interest in which is granted to the bondholder, who then receives rental payments from the issuer.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
