Khazanah wins PLUS points

Khazanah Nasional Berhad completed Malaysia's largest ever equity-linked deal yesterday (December 15) with a $414.5 million exchangeable into PLUS Expressways. Under the lead management of CIMB and JPMorgan, the deal was priced at the mid-point of its indicative range and was described as fairly priced and well executed by non-lead bankers.