(Bloomberg) -- Khazanah Nasional Bhd., Malaysia's
state investment arm, sold $850 million of Islamic bonds that can
be converted into shares of the country's biggest toll-road
operator in the nation's biggest offer of convertible securities.
Khazanah increased the sale of the five-year exchangeable
bonds from $600 million because it received orders for 13 times
the amount of debt on offer, the company said in a statement last
night. The investment unit owns about 24 percent of PLUS
Expressways Bhd., the toll-road company.
Read more at Bloomberg Emerging Markets News
state investment arm, sold $850 million of Islamic bonds that can
be converted into shares of the country's biggest toll-road
operator in the nation's biggest offer of convertible securities.
Khazanah increased the sale of the five-year exchangeable
bonds from $600 million because it received orders for 13 times
the amount of debt on offer, the company said in a statement last
night. The investment unit owns about 24 percent of PLUS
Expressways Bhd., the toll-road company.
Read more at Bloomberg Emerging Markets News
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