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Yuan-denominated Sukuk by Khazanah

Posted on 14 October 2011

Khazanah Nasional Bhd has issued its first offshore yuan-denominated sukuk of 500 million yuan (RM246mil) via Danga Capital Bhd, a Malaysian-incorporated special purpose vehicle. The three-year benchmark sukuk was priced through a book-building process on Oct 13 and at the tightest end of the price guidance at 2.90%, the company said in a statement.
The transaction drew a demand of 3.6 times book size, enabling Khazanah to upsize the deal to 500 million yuan from an earlier announced 300 million yuan……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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