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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Khazanah issues $357.8 mln Sukuk

Posted on 19 March 2012

The state investment arm Khazanah Nasional said yesterday it has issued a seven-year sukuk, or Islamic bond, of US$357.8 million (RM1.09 billion) that is exchangeable into shares of Parkson Retail Group Ltd, one of China’s largest department store operators.
The bonds were issued at the tightest end of the price guidance of negative 0.25 per cent yield to maturity and 30 per cent exchange premium via an accelerated bookbuilding process on March 14, Khazanah said……………………………………….Full Article: Source

 
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