Issuer: Khazanah Global Sukuk
Obligor: Khazanah Nasional
Size: $750 million
Structure: Sukuk wakalah
Tenor: Five years
Banks: BofA Securities, CIMB, DBS Bank, JPMorgan, Maybank, MUFG and OCBC Bank (joint lead managers and joint bookrunners)
Date: May 2023
As far as debuts in the international sukuk and bond markets go, the $750 million five-year sukuk from Malaysia’s sovereign wealth fund in May last year couldn’t have gone much better.
The transaction, part of a $1.5 billion financing that included a $750 million 10-year bond, was a blowout success, with $11 billion-worth of investor orders being placed for the dual-tranche deal that was the fund’s first international issue in two years and the first to be rated.
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