Khazanah Back in USD Sukuk Market with Dual-Tranche Offering Under a Wakalah Structure

Malaysian sovereign wealth fund Khazanah Nasional (Khazanah)  has returned to the USD Sukuk market, having successfully priced a dual-tranche offering of a 5-year USD 400 million Sukuk due 2026 and a 10-year USD 600 million Sukuk due 2031.

Why it Matters?

Chief Financial Officer of Khazanah, Faridah Bakar Ali, said that this high demand showed the confidence that investors have in Khazanah’s credit and its ability to deliver its mandate. The proceeds from this issuance are to be allocated towards general investments, the refinancing of borrowings and the working capital requirements of Khazanah (which are Shariah-compliant).

Details