CIMB supports successful execution of Malaysia’s sovereign US dollar Sukuk issuance as Joint Lead Manager and Bookrunner

24 July 2026

Kuala Lumpur : CIMB Group Holdings Berhad (“CIMB”) today reaffirmed its commitment to advancing Malaysia’s leadership in the global Islamic capital markets, having acted as the Joint Lead Manager and Joint Bookrunner alongside HSBC, J.P. Morgan, and Standard Chartered in the Government of Malaysia’s US$1.5 billion Global Sukuk offering. 

The appointment underscores CIMB’s leading position in Malaysia’s debt capital markets and its ability to combine deep domestic market expertise with an established international distribution platform to support sovereign issuers in accessing global pools of capital. The transaction set a new benchmark yield curve for future Malaysian corporate issuances seeking access to international debt capital markets, creating an important pricing reference for the market.

CIMB played a pivotal role in supporting investor engagement and bookbuilding efforts, leveraging its extensive relationships with institutional investors across Asia, the Middle East, Europe and other international markets. The transaction also drew on CIMB’s market intelligence, execution expertise and leading Islamic capital markets franchise to help achieve broad global investor participation.

Novan Amirudin, Group Chief Executive Officer of CIMB Group said, “CIMB is honoured to have supported the Government of Malaysia on this landmark sovereign sukuk issuance. Our appointment as the only Malaysian Joint Lead Manager and Joint Bookrunner reflects the strength of CIMB’s debt capital markets platform, our global distribution capabilities and our longstanding leadership in Islamic finance.

This transaction demonstrates our ability to originate, structure and distribute benchmark sukuk transactions to a diverse international investor base. By combining our domestic market leadership with deep engagement across global fixed income investors, we were able to contribute meaningfully to the successful execution of the issuance and further strengthen Malaysia’s standing in the international Islamic capital markets."

The issuance attracted strong demand from high quality global institutional investors and achieved the tightest spread ever for a Government of Malaysia USD Sukuk, setting a new pricing milestone in the international sukuk market. The Government of Malaysia has successfully priced a US$1.5 billion Global Sukuk offering that was 4.7 times oversubscribed, with peak orderbook exceeding US$9.5 billion. Spreads achieved are a testament to Malaysia’s strong credit standing, and investors’ confidence in the Malaysian growth story, with the levels comparable to AA rated sovereign peers. The transaction sets a new benchmark, achieving both funding and investor diversification objectives while attracting broad-based investor participation, underscoring strong confidence in Malaysia’s robust economic fundamentals.

CIMB continues to play a leading role in connecting sovereigns, financial institutions and corporates with regional and international investors through integrated debt capital markets solutions. The Group remains committed to supporting the continued development of Malaysia’s capital markets while reinforcing the country’s position as one of the world’s leading centres for Islamic finance.