Malaysia’s Khazanah sells Islamic exchangeable bond

Thu Mar 6, 2008 1:58am EST

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)


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