Khazanah returns with $399m exchangeable sukuk

Malaysian state fund continues its track record of regular sukuk issuance, printing yet another bond exchangeable into shares of Beijing Enterprises Water Group.

Khazanah Nasional kept up its practise of monetising its stockholdings through the equity-linked route on Wednesday by raising $399 million through the sale of a zero-coupon exchangeable sukuk exchangeable into Beijing Enterprises Water Group shares.

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