Thursday 25 Apr 2024
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KUALA LUMPUR (May 12): Khazanah Nasional Bhd’s special purpose vehicle Dua Capital Ltd has listed its US$1 billion (about RM4.13 billion) bonds on Bursa Malaysia Securities Berhad and  Singapore Exchange Securities Trading Ltd.

According to a bourse filing, the bonds comprise a five-year US$400 million in nominal value sukuk due 2026 and a 10-year US$600 million in nominal value sukuk due 2031.

“The trust certificates will be listed and quoted on the Bonds Market with effect from 9am, Wednesday, May 12, 2021,” it said.

Meanwhile, the bonds will be quoted and traded in US dollars.

The lead managers and bookrunners of the bonds are CIMB Bank Bhd, Labuan Offshore Branch, DBS Bank Ltd, JP Morgan Securities plc, MUFG Securities EMEA plc, Oversea-Chinese Banking Corp Ltd (OCBC), KFH Capital Investment Company KSCC and Warba Bank KSCP.

According to Khazanah's earlier statement, the bonds were launched at an initial price guidance of 125 basis points (bps) over the five-year US Treasury yield and 150bps over the 10-year US Treasury yield.

The proceeds from the issuance will be utilised for general investments, refinancing of borrowings and working capital requirements of Khazanah, which are syariah-compliant, it said.

Edited ByLam Jian Wyn
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