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 returns with $399m exchangeable sukuk

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.

As part of its ongoing effort to promote Malaysia as a financial hub for the Islamic community, it has become a routine for Khazanah to cash out part of its stock portfolio through the exchangeable route every one or...

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