• 13 Aug

    Khazanah announces RM5m sukuk IPO

    Khazanah Nasional Bhd has announced its initial public offering (IPO) of a seven-year wakalah sukuk by special-purpose vehicle Ihsan Sukuk Bhd, this time at a size of RM5 million.

    The sukuk has a profit rate of 4.6% per year, and is rated AAA by RAM Rating Services Bhd, the sovereign fund said in a Bursa Malaysia filing. It is the third tranche of issuance under Khazanah’s RM1 billion Sustainable and Responsible Investment Sukuk programme. The sukuk, scheduled for issuance today, will be listed tomorrow.

    The earlier two tranches — at RM100 million issuance each — were used by Khazanah’s not-for-profit foundation, Yayasan Amir, to fund the roll-out of its Trust Schools Programme in at least 20 schools.

    As of June 2017, the foundation’s Trust Schools Programme had been rolled out in 83 schools across 10 states locally.

    In a separate announcement, Khazanah said its annual audited financial statements, together with Ihsan Sukuk’s, will be delivered to the sukuk trustee when they become available — within 180 days after the end of its financial year — to be forwarded to the sukuk holders. “Concurrently, the aforementioned financial information will also be announced to Bursa Securities,” it added.

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