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Malaysia's Khazanah Sells Islamic Exchangeable Bond - ASHARQ AL-AWSAT English Archive
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KUALA LUMPUR, (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, 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.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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