SINGAPORE: The Monetary Authority of Singapore (MAS) has completed its first Sukuk issuance facility, worth SG$200 million (US$133 million), said the central bank. Standard Chartered Bank and The Islamic Bank of Asia (IB Asia) were the joint arrangers for the Sukuk while Allen & Gledhill acted as legal counsel.
IB Asia said it will place its order on the Sukuk soon, which will make the bank the facility’s first investor.
(Also see IFN Reports on page 15)