BOND COMPLEXITY : MODERATEISIN: USY5749NAB39
MALAYS 4.949% 30Jul2036 Govt (USD)
MALAYSIA SOVEREIGN SUKUK BHD
Indicative Bid Price
100.252
Bid Yield to Maturity
4.917%
Min. Investment (Nominal)
250000
Indicative Ask Price
100.519
Ask Yield to Maturity
4.883%
Maturity Date
29 Jul 2036
Credit Rating (Bond)
N.R
No Rating
Seniority
Senior Unsecured
Investor Profile
Long Term Depositor
Chart
Created with Highcharts 9.3.2Bid Yield to MaturityAsk Yield to Maturity23. Jul24. Jul25. Jul26. Jul27. Jul4.864.884.94.924.944.964.98FSM Global
Bond Information
Federation of Malaysia is located in Southeastern Asia, peninsula and northern one-third of the island of Borneo, bordering Indonesia and the South China Sea, south of Vietnam. The country's natural resources are tin, petroleum, timber, copper, iron ore, natural gas, and bauxite. Malaysia's capital is Kuala Lumpur.
Bond Issuer
Malaysia Sovereign Sukuk Bhd
Guarantor
-
Announcement Date
22 Jul 2026
Issue Date
29 Jul 2026
Maturity Date / Next Call Date
29 Jul 2036 (Maturity Date)
Years to Maturity / Next Call
10.010 / -
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
4.949
Distribution Type
Fixed
Annual Distribution Rate (%)
4.949
Annual Distribution Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
HKEX
Reference Rate
-
ISIN
USY5749NAB39
CUSIP
DN0153771
Bond Currency
USD
Total Issue Size
USD 650,000,000
Minimum Quantity (Nominal)
USD 250,000
Incremental Quantity (Nominal)
USD 1,000
Bond Registration
Wholesale
Bond Type
Sovereign
Bond Sector
Sovereign
Bond Sub Sector
Sovereign
Issuer Credit Rating (S&P/ Fitch)
***/N.R
Bond Credit Rating (S&P/ Fitch)
***/N.R
Shariah Compliant
Yes
W-8BEN Declaration needed 
No
Bond Feature(s)
If a Tangibility Event occurs, upon receipt of a Tangibility Event Trustee Notice from the Government of Malaysia in accordance with the Service Agency Agreement, the Trustee shall promptly deliver a notice to the Certificateholders (a “Tangibility Event Notice”) in accordance with Condition 17 (Notices) specifying that:

(i) a Tangibility Event has occurred, together with an explanation of the reasons for, and evidence of, such occurrence;
(ii) as determined in consultation with the Shari’a Adviser, the Certificates should be tradable only in accordance with the Shari’a principles of debt trading (such as the principle that debt is to be traded against tangible assets and/or eligible commodities on a spot settlement basis);
(iii) on the date falling 15 days following the Tangibility Event Put Right Date, the Certificates will be delisted from any stock exchange (if any) on which the Certificates are admitted to listing or if such date is not a business day, the next following business day (“business day” being, for this purpose, a day on which the stock exchange on which the Certificates are admitted to listing is open for business); and
(iv) the Tangibility Event Put Right Period, during which period any Certificateholder shall have the right to require the redemption of all or any of its Certificates.
Dissolution following a Dissolution Event

Upon the occurrence of a Dissolution Event, the Certificates shall become due and payable at the Dissolution Event Amount on the Dissolution Event Redemption Date and the Trustee shall redeem the Certificates at the Dissolution Amount on the Dissolution Event Redemption Date in accordance with Condition 14 (Dissolution Events) if these Conditions set out in Condition 14 (Dissolution Events) are satisfied.

Upon redemption of all of the Certificates outstanding in accordance with this Condition 10(c) (Capital Distributions of the Trust — Dissolution following a Dissolution Event) and payment in full of the Dissolution Event Amount and execution of a sale agreement pursuant to the Purchase Undertaking, the Trust will be dissolved, the Certificates shall cease to represent an undivided beneficial ownership interest in the Trust Assets and no further amounts shall be payable in respect thereof and upon payment in full of amounts due in respect of all Certificates the Trust shall be dissolved.

Dissolution following a Total Disruption Event

The Trustee shall, upon receipt of notice from the Government of Malaysia or otherwise becoming aware of the occurrence of a Total Disruption Event, redeem the Certificates in whole, but not in part, by no later than the close of business on the 61st day after the occurrence of the Total Disruption Event (the “Total Disruption Event Redemption Date”) at Total Disruption Event Dissolution Amount.

Upon redemption of all of the Certificates outstanding in accordance with this Condition 10(d) (Capital Distributions of the Trust – Dissolution following a Total Disruption Event) and payment in full of the Total Disruption Event Dissolution Amount, the Trust will be dissolved, the Certificates shall cease to represent an undivided beneficial ownership interest in the Trust Assets and no further amounts shall be payable in respect thereof and upon payment in full of amounts due in respect of all Certificates the Trust shall be dissolved.

Dissolution of the Trust upon cancellation of all outstanding Certificates

In the event that the Government of Malaysia purchase all the outstanding Certificates and all such Certificates are subsequently cancelled by or on behalf of the Trustee, the Trust will be dissolved on the relevant Scheduled Dissolution Date, the Certificates shall cease to represent an undivided beneficial ownership interest in the Trust Assets and no further amounts shall be payable in respect thereof and upon payment in full of amounts due in respect of all Certificates the Trust shall be dissolved.

“Dissolution Date” means, as the case may be:

(a) the Scheduled Dissolution Date;
(b) the relevant Tangibility Event Put Right Date;
(c) the Dissolution Event Redemption Date;
(d) the date on which all of the Certificates outstanding are cancelled following the purchase of such Certificates by the Government of Malaysia pursuant to Condition 13 (Purchase and Cancellation of Certificates); and
(e) the Total Disruption Event Redemption Date;
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (MATURITY)
27 Jul 2026100.252100.5194.883
26 Jul 2026100.252100.5194.883
23 Jul 202699.886100.0734.940
22 Jul 2026100.000100.0004.949
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Preliminary Offering Circular
U.S.$ [TBD] Trust Certificates due [TBD]. Preliminary Offering Memorandum dated July 9, 2026.
pdfIcon
Notice
Pronouncement of the HSBC Global Shariah Supervision Committee.
Related Bonds
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ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
MALAYS 4.612% 30Apr2032 Govt (USD)

Malaysia Sovereign Sukuk Bhd

 29 Apr 2032 100.462 4.519% p.a. ***/N.R
TRANSACT
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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
USD 252,629.30
Years to Maturity
9 years 11+ months
Est. Total Income
USD 123,725.00
Yield to Maturity
4.616%
Indicative Cash Flow
Nominal Value
USD 250,000.00
  • 2036
    Jul
    Coupon
    USD 6,186.25
    Maturity
    USD 250,000.00
  • Jan
    Coupon
    USD 6,186.25
  • 2035
    Jul
    Coupon
    USD 6,186.25
  • Jan
    Coupon
    USD 6,186.25
  • 2034
    Jul
    Coupon
    USD 6,186.25
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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