KUALA LUMPUR: Khazanah Nasional Bhd has successfully priced a US$1.5 billion dual-tranche senior offering, comprising a five-year US$750 million (US$1=RM4.60) sukuk due 2028 and a 10-year US$750 million conventional bond due 2033.
The issuance marked its first US dollar-rated sukuk and corporate bond out of its newly established US$5.0 billion Multicurrency Sukuk Issuance Programme and US$10.0 billion Euro Medium Term Note Programme through its wholly-owned special purpose vehicles, Khazanah Global Sukuk Bhd and Khazanah Capital Ltd.
Khazanah’s last issuance was the unrated US$1.0 billion sukuk in 2021.
In a statement today, managing director Datuk Amirul Feisal Wan Zahir said the overwhelming and widespread reception of its maiden rated sukuk and bond underlined investors' continuous confidence in its creditworthiness and long-term strategy, amplifying Khazanah’s standing in the global capital markets.
"The issuance, which is carried out amidst volatile market conditions, will be the benchmark for Khazanah’s credit as we continue to rebalance our portfolio and strengthen our balance sheet,” he said.
Amirul Feisal said the proceeds would be utilised for Khazanah’s general investments, refinancing of borrowings and working capital requirements.
The securities will be listed on Bursa Malaysia Securities Bhd (under an Exempt Regime), Labuan International Financial Exchange Inc and the Singapore Exchange Securities Trading Ltd.
BofA Securities, CIMB, DBS Bank Ltd, J.P. Morgan, Maybank, MUFG Bank and OCBC Bank acted as joint lead managers and joint bookrunners. - Bernama
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