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Malaysia's Khazanah completes first issuance of ethical sukuk

The seven-year sukuk was priced at 4.3 percent after a day of book-building attracted foundations, corporations, banks, pension funds and asset managers, it said.
Funds raised from the 1 billion ringgit ($271.1 million) bond program set up last month will go towards the roll out of new government schools.
The bond, also known as sustainable and responsible investment (SRI) sukuk, is the latest government-led initiative to develop Islamic finance, a sector where private companies have been lukewarm in adopting new products.

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