Khazanah Sells Islamic Bonds to Take Malaysian Airlines Private

Posted on 08/20/2014

Malaysia’s Khazanah Nasional sold 1.5 billion ringgit (US $476 million) of Islamic bonds to help cover the sovereign wealth fund’s full acquisition of Malaysian Airlines. Khazanah priced the 5-year bond to yield 4.14%. Debt is being issued by one of its sovereign wealth enterprise, Rantau Abang Capital Berhad.

Khazanah is hoping to delist the national carrier from the Malaysian Bourse once the transaction is finalized.