Tagged: Khazanah Nasional

Khazanah gearing for global sukuk expansion

Khazanah gearing for global sukuk expansion

State investment company Khazanah Nasional Bhd is gearing for more innovative investment options to follow its landmark portfolios in the sukuk marketplace. It plans to publish a coffee table book to share its success stories thus far. In recent weeks,…

Khazanah Said to Pick 3 Banks for $1 Billion Convertible Sukuk

Khazanah Said to Pick 3 Banks for $1 Billion Convertible Sukuk

Khazanah Nasional Bhd., Malaysia’s state investment company, selected CIMB Group Holdings Bhd. (CIMB), Deutsche Bank AG (DBK) and Standard Chartered Plc (STAN) to help arrange a sale of $1 billion of convertible Islamic bonds. Khazanah could raise $500 million to $1 billion, though a final decision on whether to proceed has yet to be made. The sukuk would be exchangeable into shares of companies controlled by Khazanah. No decision has been made on which companies’ shares would back the Islamic bond.

Sun Life Expands ASEAN Footprint

Sun Life Expands ASEAN Footprint

The Canadian life insurer InSun Life Financial c. (SLF) has forged an alliance with Khazanah Nasional Berhad (Khazanah) to jointly acquire 98% of CIMB Aviva Assurance Berhad, and CIMB Aviva Takaful Berhad. The remaining 2%will be retained by CIMB Group…

Khazanah to issue renminbi-denominated sukuk

Khazanah to issue renminbi-denominated sukuk

Khazanah Nasional is planning to launch renminbi-denominated sukuk, making it the first-ever Islamic financing in Hong Kong’s booming Dim Sum market.
It seems that Khazanah’s target is 500 million renminbi (US$77.5mil) with a tenor of five years, alt…