KUALA LUMPUR: Talks on the second Samurai bond is expected to be concluded in the first quarter of next year.
Finance Deputy Minister Datuk Amiruddin Hamzah as quoted in Bernama said the discussion is still ongoing and the government is trying to get the best rate, much lower from the first Samurai bond.
Earlier in his speech, Amiruddin said Malaysia has remained as the main driver for the sukuk market, while continuing to lead in the Islamic wealth management industry.
He said government sukuk had also been maintained between RM45 billion and RM64 billion whereby outstanding bonds and sukuk are valued at RM1,498 billion at third quarter of 2019, deeming Malaysian market an attractive investment destination for sukuk investors.
Amiruddin further noted that for years, sukuk had experienced high demand from Islamic investors as well as from conventional investors in various major markets.