Khazanah Nasional navigated volatile markets – shaken by rate-cut speculation and a crowded sovereign pipeline – to secure a dual-tranche issuance comprising a $500 million sukuk maturing in 2029 and a $500 million conventional note maturing in 2034.
Pricing tightened by 33 basis points from initial price guidance, allowing the final landing levels to break through Khazanah’s own secondary curve, underscoring both the issuer’s credit resilience and an execution strategy that drew depth from global demand.
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