Khazanah Said to Hire Banks for Singapore Sukuk Sale
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Khazanah Nasional Bhd., Malaysia’s state investment company, hired three banks to help it sell Singapore dollar-denominated Islamic bonds, according to a person familiar with the matter.
CIMB Investment Bank Bhd., DBS Bank Ltd. and Oversea-Chinese Banking Corp. will arrange a so-called benchmark sale of five- and 10-year sukuk, the person said, asking not to be identified as the details are private. Benchmark typically means at least S$500 million ($366 million).