Biggest Malaysia state fund weighs debut exchangeable bond sale


  • Business
  • Thursday, 21 Mar 2019

KUALA LUMPUR (Bloomberg): Malaysia’s biggest state-owned fund manager, which owns more than 10% of the local stock market, is considering its first sale of exchangeable bonds as it seeks to raise funds for overseas investments.

Permodalan Nasional Bhd (PNB) is exploring all options including an offering of exchangeable bonds, or notes backed by shares in a listed company, a representative said Thursday in response to Bloomberg queries.

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