KUALA LUMPUR: Khazanah Nasional plans to issue RM1.5bil of Islamic bonds which could be linked to its proposed privatisation of the ailing Malaysia Airlines (MAS).
Bloomberg reported on Tuesday the state-owned investment fund's issuance was part of a RM7bil programme to raise funds for corporate purposes.
The report said Khazanah - which owns 11.59 billion shares of MAS or 69.3% stake -- was seeking to sell the five- year debt to yield 4.1% to 4.18%.
On Aug 8, Khazanah proposed a selective capital repayment of 27 sen a share under the restructuring exercise, which would involve de-listing. The corporate exercise would see it paying out a total of RM1.38bil.