Khazanah raises S$1.5 billion in Singapore

Khazanah issues a dual tranche deal, pricing the largest ever sukuk in the Singapore market.

Khazanah Nasional Berhad issued a dual tranche deal on Tuesday, pricing a S$600 million $443 million five-year sukuk and a S$900 million $665 million 10-year sukuk. The bonds were issued by Danga Capital Berhad, which is a special purpose vehicle set up by the borrower.

Proceeds of the issue will go towards the funding of Shar'iah-compliant operations as well as the payment of Parkway Holdings, which has been acquired by its subsidiary Integrated Healthcare...

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