Khazanah divides opinion with dollar sukuk debut

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By Rev Hui
24 Feb 2016

Khazanah Nasional made its inaugural appearance in the dollar sukuk market this week with a $750m transaction. But the landmark trade courted plenty of controversy around its execution and the notes’ subsequent secondary performance.

There were quite a few aspects of Khazanah's wakala that were different from other more run-of-the-mill transactions.

Khazanah’s intentions to issue a dollar sukuk were first made public in January when it picked Barclays, CIMB, Morgan Stanley and UBS to run a series of investor meetings in Dubai ...

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