Khazanah Nasional Bhd has sold RM2 billion of Islamic bonds, or sukuk, proceeds of which will be used for general corporate purposes, according to a Bloomberg report.
Khazanah priced the four-year debt to yield at a profit rate of 3.96%, sources, who asked not to be identified because the information has not been made public yet, told Bloomberg.
The sukuk was issued by Danum Capital Bhd. The joint lead managers and book runners for the issue were Malayan Banking Bhd (Maybank) and RHB Bank Bhd.
Khazanah’s last sukuk issuance was in January 2018, where it issued exchangeable sukuk of US$320.8 million (RM1.33 billion), via Cindai Capital Ltd, a Labuan-incorporated independent special purpose vehicle.
The exchangeable sukuk references the value of H-shares in Citic Securities Co Ltd, China’s largest securities brokerage firm.
The Citic Securities exchangeable sukuk was Khazanah’s eighth offering in an exchangeable sukuk format, since the inaugural issue of Telekom Malaysia Bhd exchangeable sukuk in 2006.
Source The Edge Markets