Khazanah bags $500m from zero coupon EB

Malaysian sovereign wealth fund Khazanah Nasional has managed to raise $500m from a tightly priced zero coupon exchangeable bond.

  • By Jonathan Breen
  • 12 Jul 2019

The five-put-three notes, guaranteed by Khazanah but issued by Cerah Capital, exchange into shares of Malaysia’s CIMB Group Holdings.

Joint global co-ordinators, bookrunners and lead managers CIMB, Credit Suisse and JP Morgan launched an accelerated bookbuild for the issue on Thursday at around 5.30pm in Kuala Lumpur — ...

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