Khazanah raises S$1.5 billion in Singapore

Khazanah issues a dual tranche deal, pricing the largest ever sukuk in the Singapore market.

Khazanah Nasional Berhad issued a dual tranche deal on Tuesday, pricing a S$600 million $443 million five-year sukuk and a S$900 million $665 million 10-year sukuk. The bonds were issued by Danga Capital Berhad, which is a special purpose vehicle set up by the borrower.

Proceeds of the issue will go towards the funding of Shar'iah-compliant operations as well as the payment of Parkway Holdings, which has been acquired by its subsidiary Integrated Healthcare Holdings.

Last week, Khazanah announced that it would be buying all the remaining shares that it does not own in Parkway for a price of $3.95 per share. The offer was revised up in...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222