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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Khazanah issues RM1.59bil Islamic bonds exchangeable into TNB shares

Posted on 05 September 2014

Khazanah Nasional Bhd has issued a US$500mil (RM1.59bil) seven-year sukuk that is exchangeable into Tenaga Nasional Bhd (TNB) shares. This is the second issuance by the state investment arm in three weeks.
Bloomberg reported that Khazanah, which is buying out the 30.6% it does not own in Malaysia Airlines, sold RM1.5bil Islamic bonds on Aug 16. The sukuk Khazanah issued three weeks ago has a five-year tenure with a 4.14% yield………………………………………..Full Article: Source


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