At the initial size of $500 million, the bond issue was about six times covered, so two days into the week-long bookbuilding, when the extent of the demand became obvious, the deal was increased to $750 million, including a $100 million upsize option.
At the final size, the bonds marked the largest ever exchangeable or convertible issue out of Malaysia, surpassing KhazanahÆs own $414.5 million exchangeable into PLUS Expressways in 2004 to the number two spot. It was also the largest EBCB...
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