HONG KONG: Malaysian sovereign wealth fund Khazanah Nasional Berhad is marketing five-year US dollar sukuk in the US Treasuries plus 190bp area.
CIMB, DBS and Standard Chartered are lead managers for the deal that is expected to price today.
The Reg S senior unsecured bonds will list in Malaysia and Singapore under English and Malaysian law.
The sukuk will be issued through Danga Capital Berhad, a special purpose vehicle, with the SWF acting as obligor. They will be issued off a multi-currency Islamic securities issuance programme.
(The Star Online / 23 February 2016)
---Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
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