PETALING JAYA: Khazanah Nasional Bhd has issued its first offshore yuan-denominated sukuk of 500 million yuan (RM246mil) via Danga Capital Bhd, a Malaysian-incorporated special purpose vehicle.
The
three-year benchmark sukuk was priced through a book-building process
on Oct 13 and at the tightest end of the price guidance at 2.90%, the
company said in a statement. (source)
The transaction drew a demand of 3.6
times book size, enabling Khazanah to upsize the deal to 500 million
yuan from an earlier announced 300 million yuan.
Khazanah said
its investors comprised financial institutions, asset management
companies, private banks and statutory bodies from Malaysia, Singapore,
Hong Kong, the Middle East and Europe.
Issued under the Malaysia
International Islamic Financial Centre initiative, it is the world’s
first Emas Sukuk denominated in yuan. The sukuk will be listed on Bursa Malaysia (Exempt Regime) and Labuan International Financial Exchange.
Source : http://biz.thestar.com.my/news/story.asp?file=/2011/10/14/business/9696251&sec=business - Oct 14, 2011
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