Khazanah Nasional Has a $500 Million CIMB Exchangeable Bond Offering

Posted on 07/12/2019


Malaysia’s Khazanah Nasional Berhad is seeking to raise US$ 500 million via exchangeable bonds in CIMB Group Holdings Berhad. Maturing in 2024, the exchangeable bond can be converted into ordinary CIMB shares. Khazanah Nasional currently holds a 27% stake in CIMB. Credit Suisse is advising Khazanah on the deal. Khazanah disclosed that it did not […]