A debt capital market specialist told StarBiz that an exchangeable sukuk that was priced at a negative yield implied that investors valued the option highly and were willing to invest in the paper issued.
PETALING JAYA: Khazanah Nasional Bhd has issued a US$500mil (RM1.59bil) seven-year sukuk that is exchangeable into Tenaga Nasional Bhd
(TNB) shares.
This is the second issuance by the state investment arm in three weeks.
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