Khazanah raises US$1bil from sukuk, conventional bond offering

Quick Summary:

SINGAPORE: Khazanah Naisonal Bhd, Malaysia's sovereign wealth fund, has raised a total of $1 billion from a five-year $500 million sukuk wakalah, or Islamic bond, and a 10-year conventional bond offering, according to term sheet reviewed by Reuters late on Wednesday.

The offerings were the first investment grade deal in Malaysia in two years.

Khazanah did not immediately respond to requests seeking comment on Thursday.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: /Business/Business News Islamic bond Khazanah Naisonal Sukuk wakalah Sukuk Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 14:47:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 304 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22293584

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