MALAYSIA - CAPITAL MARKETS - Yuan-denominated sukuk by Khazanah

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)

MALAYSIA - CAPITAL MARKETS - Malaysia Delays Issue in Offshore Yuan Bond Market

WSJ WALL STREET JOURNAL  - HONG KONG—The Malaysian government's investment holding arm Khazanah Nasional Bhd., which is looking to issue as much as $78.3 million in yuan-denominated Islamic trust certificates, or sukuk, postpone the pricing of the bond due to volatile market conditions, people familiar with the situation said Thursday. (source)

MALAYSIA - CAPITAL MARKETS - Malaysia Looks to Offshore Yuan Bond Market

WSJ Wall Street Journal - HONG KONG—The Malaysian government's investment holding arm Khazanah Nasional Bhd., which is looking to issue as much as $78.3 million in yuan-denominated Islamic trust certificates, or sukuk, will not price the bond Thursday due to volatile market conditions, people familiar with the situation said Thursday.

The planned bond issuance, which could make it the first quasi-sovereign Asian entity to tap the burgeoning yuan market outside of China, will have to wait until market conditions improve, the people said.(source)