Khazanah scoops up $321m from Citic-linked exchangeable sukuk

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By Jonathan Breen
18 Jan 2018

Malaysia’s sovereign wealth fund Khazanah Nasional has sold a $320.8m exchangeable sukuk with Hong Kong-listed Citic Securities as the underlying stock, taking advantage of a rally in the broker’s shares.

Khazanah jumped at the opportunity to benefit from a recent surge in Citic’s stock price, up 13% since Monday, amid a rise across the entire Hong Kong stock market, said a source close to the deal. Hong Kong's Hang Seng Index was up 2.2% from Monday to Thursday ...

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