Wednesday, September 27, 2006

Malaysian government investment arm to issue up to $750 million in sukuk

"Khazanah may issue US$750m Islamic bonds", Business Times (Malaysia), September 27, 2006

The investment arm of the Malaysian government, Khazanah Nasional Bhd will issue at least RM1.84 billion (US$500 million) exchangeable bonds that can be converted into shares of Telekom Malaysia Bhd, Malaysia's largest telecom company, also controlled by Khazanah. The deadline for submitting bids is today and depending on demand, the issue might be increased to RM 2.76 billion (US$750 million).

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