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Khazanah said to start taking orders for Yuan Islamic bond

Posted on 14 October 2011

Khazanah Nasional Bhd., Malaysia’s state investment company, has started taking orders for the sale of the world’s first yuan-denominated Islamic bonds after an initial delay, according to two people familiar with the matter.
The three-year bonds, which pay returns from assets that comply with religious tenets, may price to yield about 3 percent, said one of the people, who asked not to be identified because the details are private. Average yields on yuan bonds sold in Hong Kong are 28 basis points lower than those on global Islamic notes, according to data from HSBC Holdings Plc……………………………………….Full Article: Source

 
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