Khazanah exchangeable bond raises S$600m

The sharia-compliant bonds are exchangeable into IHH shares and priced with a negative yield following strong demand from conventional investors.
IHH Healthcare is a low-volatility stock.
IHH Healthcare is a low-volatility stock.

About six months after it was mandated, Malaysian investment company Khazanah Nasional finally hit the market with its fifth exchangeable Islamic bond on Thursday. The deal was slightly smaller than initially talked about, but proved a huge success with investors, confirming once again the huge investor appetite for deals backed by strong credits.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media