Khazanah Nasional Prices USD Sukuk

Posted on 05/05/2021

Malaysia’s Khazanah Nasional Berhad tapped markets for a U.S. dollar sukuk. The dual-tranche offering attracted demand from the Middle East, Asia, and Europe. Khazanah price its 5-year, US$ 400 million in nominal value sukuk due 2026 and a 10-year, US$ 600 million in nominal value sukuk due 2031. The sukuk will be issued through a Labuan-incorporated special purpose vehicle Dua Capital Ltd. The sukuk will be listed on Bursa Malaysia Securities Bhd under an exempt regime and the Singapore Exchange Securities Trading Ltd.

CIMB, DBS Bank Ltd, JP Morgan, MUFG, and OCBC Bank acted as joint lead managers and joint bookrunners, while KFH Capital and Warba Bank also acted as joint lead managers.

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