Malaysian SWF To Issue Renminbi Bond

Khazanah Nasional is set to issue its first renminbi-denominated Islamic bond.

Khazanah Nasional is set to issue its first renminbi-denominated Islamic bond, Financial Times reports. The Malaysian sovereign wealth fund is looking to raise $78 million.

BOC International, CIMB Group Holdings and Royal Bank of Scotland are handling the sale of the sukuk in Hong Kong, adds Gulf News. The five-year bonds will give returns derived from assets to comply with the religion’s ban on interest.

Click here for the story from Financial Times.

Click here for additional coverage from Gulf News.

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