Malaysia’s Khazanah sells Islamic exchangeable bond
KUALA LUMPUR, March 6 (Reuters) – Malaysian state investment arm Khazanah Nasional has sold $550 million of Islamic bonds that are exchangeable into shares of top Chinese department store Parkson Retail Group (3368.HK: Quote, Profile, Research), a source said on Thursday.
The bonds were issued on Wednesday through a special purpose vehicle, added the source who is familiar with the plan.
A Khazanah spokesman said the firm would issue a statement shortly, but declined to elaborate.
(Reporting by Liau Y-Sing, editing by Syed Azman)