Malaysia state investor Khazanah raises $320.8m in exchangeable sukuk

Malaysia state investor Khazanah raises $320.8m in exchangeable sukuk

The Khazanah Nasional office.

Malaysia’s state investor Khazanah Nasional Bhd said on Thursday it has raised $320.8 million through a sukuk that is exchangeable into CITIC Securities Co Ltd’s Hong-Kong listed H-shares.

CITIC Securities, China’s largest securities brokerage firm, will be Khazanah’s eighth exchangeable sukuk offering, with Telekom Malaysia Bhd’s being the inaugural issue in 2006.

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