IslamicFinance.de

#Malaysia's Khazanah Nasional pushed out an exchangeable sukuk to raise US$ 309.4 million to US$ 320.8 million. The zero-coupon sukuk are exchangeable into CITIC Securities Co Ltd’s Hong-Kong listed H-shares. They have a tenor of five years and an investor put option after three years. The sukuk will be listed on the Singapore Exchange Securities Trading Limited, Labuan International Financial Exchange and Bursa Malaysia. CIMB and J.P. Morgan are the joint bookrunners and joint lead managers for the transaction.