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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Malaysia’s Khazanah issues $358 mln convertible Islamic bond

Posted on 16 March 2012

Malaysia’s state investment arm Khazanah Nasional said on Thursday it has issued a seven-year sukuk, or Islamic bond, of $357.8 million 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 percent yield to maturity and 30 percent exchange premium via an accelerated bookbuilding process on March 14, Khazanah said in a statement issued late on Thursday………………………………………..Full Article: Source


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