Thu, Sep 18, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Khazanah Sells Islamic Bonds in Second Offer in Three Weeks

Posted on 05 September 2014

Malaysia’s sovereign wealth fund sold Islamic bonds for the second time in three weeks as it moved ahead with a buyout of the national airline. Khazanah Nasional Bhd. today issued $500 million of seven- year sukuk that are convertible into equities of state power company Tenaga Nasional Bhd., according to a company statement. The notes were priced to yield minus 0.05 percent and can be swapped into the utility’s shares at a 15 percent premium after the fourth year, the fund said.
Khazanah is in the process of purchasing the 30.6 percent stake in Malaysian Airline System Bhd. that it doesn’t already own and will then delist the carrier from the stock exchange. The fund announced last week a 6 billion-ringgit ($1.9 billion) plan to revive the airline………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14758 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930