KUALA LUMPUR, Feb 11 (Reuters) - Export-Imports Bank (EXIM) of Malaysia priced its 5-year $300 million Islamic bonds at 140 basis points (bps) over U.S. Treasuries, or equivalent to a yield of 2.874 percent, the lender said on Tuesday.
The pricing of the bond, part of a $1 billion multi-currency Islamic bond programme, was tightened from an initial guidance of 165 bps over comparable U.S. Treasuries, EXIM Malaysia said.
The sukuk, or Islamic bond, attracted more than $3 billion in orders. Asian investors were allocated 65 percent of the issue, followed by investors from Middle East and the Europe.
The bonds, which will be used to finance EXIM's working capital and other financing actives, was assigned credit ratings of A- by Fitch Ratings and A3 by Moody's, on par with the Malaysian sovereign ratings.
BNP Paribas, CIMB Investment Bank, HSBC Amanah Malaysia and Maybank Investment were the joint principal advisors.
(Reporting by Niluksi Koswanage; Editing by Kim Coghill)
((niki.koswanage@thomsonreuters.com)(+603 2333 8035)(Reuters Messaging: niki.koswanage.thomsonreuters.com@thomsonreuters.net))
Keywords: EXIM MALAYSIA/BOND
