KUALA LUMPUR: Malaysia is taking another step in its promised sale of state assets with an issue of around US$750mil (RM2.76bil) in bonds convertible into Telekom Malaysia Bhd
(TM) shares, sources familiar with the deal said yesterday.
Khazanah Nasional Bhd, which along with other government agencies owns about a third of the stock market, planned to sell the five-year Islamic bonds this week, they said.
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