CIMB, DBS and Standard Chartered are lead managers for the deal. The Reg S senior unsecured bonds will list in Malaysia and Singapore under English and Malaysian law.
KUALA LUMPUR: Khazanah Nasional Bhd has raised RM100mil via a second tranche of the seven-year Sustainable and Responsible Investment Sukuk (SRI Sukuk).
The settlement date of the SRI Sukuk, issued by a Malaysian-incorporated independent Special Purpose Vehicle, Ihsan Sukuk Bhd, will be on August 8 2017.
Ihsan issued the first tranche of RM100mil SRI Sukuk in 2015, under its RM1.0bil Sukuk Programme. The second tranche was launched by Second Finance Minister Datuk Seri Johari Abdul Ghani on June 13, 2017.
Proceeds from this second tranche will fund the rollout of Yayasan AMIR’s Trust Schools Programme to at least 20 schools.
Yayasan AMIR is a not-for-profit foundation incorporated by Khazanah to improve accessibility of quality education in Malaysian Government schools through a Public-Private Partnership with the Ministry of Education.
The SRI Sukuk was priced at a profit rate of 4.6% if key performance indicators are not met, or 4.2% when KPIs are fulfilled.
The structure of the SRI Sukuk is in accordance with the Islamic principle of Wakalah Bi AlIstithmar.
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