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Malaysia’s Khazanah Sells Islamic Exchangeable Bond | ASHARQ AL-AWSAT English Archive 2005 -2017
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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.