Khazanah SPV Proposes to Increase the Size of its Sukuk Issuance to USD 4.8 Billion

According to CIMB Investment Bank, Malaysia sovereign wealth fund Khazanah Nasional's (Khazanah) special purpose vehicle (SPV) Danum Capital (Danum) has proposed to increase the size of its MYR 10 billion (USD 2.4 billion) Sukuk issuance known as the Sukuk Danum Programme to MYR 20 billion (USD 4.8 billion). CIMB Investment Bank is the facilitator of the issuance.

Why it Matters?

To cover its USD finance needs, Khazanah has continued to issue exchangeable Sukuk and bonds, in addition to plain vanilla Sukuk and bonds, since 2004.

Details

The Sukuk holders are deemed to have given their consent upfront for any upsizing of the Sukuk Danum Programme periodically. Therefore, no additional consent is deemed to be needed fro...