Khazanah wins PLUS points

Malaysian government investment arm executes well received exchangeable into PLUS Expressways.

Khazanah Nasional Berhad completed Malaysia's largest ever equity-linked deal yesterday December 15 with a $414.5 million exchangeable into PLUS Expressways. Under the lead management of CIMB and JPMorgan, the deal was priced at the mid-point of its indicative range and was described as fairly priced and well executed by non-lead bankers.

Given that PLUS is a relatively low volatility stock with no stock borrow, investors were most fixated on the yield and strength of the...

To continue reading, please login or register for free

Click for more on: khazanah | wins | plus | points

Print Edition

FinanceAsia Print Edition