Bursa Malaysia > Bonds

Khazanah plans RM1.5b bond sale for MAS privatisation

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Ļaughing Ģor:
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.

kittima:
After the raise of interest rate from Bank Negara, the FD rate is getting nearer to such bond return already.....

aspenvit:
Every year can issue new bonds to cover the old bonds, can survive forever.

king:
Looks like Bailout, Souds like Bailout, Smells like Bailout.  CORRECT  CORRECT  CORRECT

ovkim:

--- Quote from: king on September 02, 2014, 07:06:37 AM ---Looks like Bailout, Souds like Bailout, Smells like Bailout.  CORRECT  CORRECT  CORRECT

--- End quote ---

Bond is it similar like putting money to bank as FD? Whice more worth la?

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