Malaysia has launched a dual-tranche U.S. ​dollar Islamic bond, ​marking its return to the international ​dollar market after more than three years, according to a term sheet seen by Reuters on ‌Thursday.Here are ⁠the ⁠details:* The offering, issued through Malaysia Sovereign ​Sukuk Berhad with the Government of Malaysia as obligor, ​comprises 5-3/4-year and 10-year tranches, the term sheet showed.Updated: Indian bonds fall for third session as oil prices near $100 a barrelIndian government bonds experienced a decline for the third straight session on Thursday, primarily influenced by escalating tensions in the Middle East, which pushed crude oil prices to nearly $100 a barrel. Additionally, the rise in U.S. Treasury yields dampened market sentiment. Given India's dependency on crude oil imports, this scenario raises concerns over an inflated import bill and the resurgence of inflationary pressures.* Initial price guidance is set ​at around 45 basis ⁠points for the ‌5-3/4-year tranche and 55 ​basis points ​for the 10-year tranche, according to ⁠the term sheet.* Proceeds are earmarked ​for government-approved projects and programmes, including ​infrastructure development.* A sukuk is an Islamic financial instrument that serves a similar purpose to a bond, but is structured to comply with Islamic law (Shariah), which ‌prohibits payment and receipt of interest.* Malaysia last tapped the international U.S. ​dollar market in ​April ⁠2021, when it raised $1.3 billion through a dual-tranche sustainability sukuk.* CIMB, HSBC, J.P. Morgan and Standard ​Chartered are acting as joint bookrunners and joint lead managers on the deal.* Settlement is scheduled for July 30, the term sheet showed.