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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Khazanah issues $482 mln Islamic bond exchangeable to IHH shares

Posted on 18 October 2013

Malaysian state investor Khazanah Nasional Bhd said on Friday it has issued S$600 million ($482.14 million) in Singapore dollar-denominated Islamic bonds, or sukuk, that can be exchanged for shares in IHH Healthcare Bhd.
The issuance, which can be exchanged into IHH shares at a premium of 10 to 17 percent over the reference share price of 4.19 ringgit ($1.33), as Khazanah diversifies on its fund-raising strategy………………………………………..Full Article: Source


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