Khazanah postpones dim sum sukuk amid market rout

Khazanah decides to postpone its Rmb300 million to Rmb500 million dim sum bond amid extreme market volatility, while Bosch und Siemens successfully raises Rmb2 billion.
<div style="text-align:left;">
A Dim Sum restaurant in Hong Kong that really has nothing to do with renminbi-denominated bonds (AFP) </div>
<div style="text-align:left;"> A Dim Sum restaurant in Hong Kong that really has nothing to do with renminbi-denominated bonds (AFP) </div>

Malaysian state investment agency Khazanah Nasional yesterday evening decided to postpone its debut dim sum sukuk as financial markets suffered from a severe bout of volatility.

The deal was supposed to be a landmark transaction for Khazanah, which is keen to promote Islamic financing in the offshore renminbi space. But, despite its blue-chip status, the market volatility proved to be too much and the leads -- BOC International, CIMB and Royal Bank of Scotland RBS -- decided that the most prudent decision would be to hold off.

The investment agency concluded roadshows on Tuesday but because investors still had questions on the sukuk structure and needed time...

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