Khazanah Bonds
Khazanah Nasional (Khazanah) is a frequent issuer in the Malaysian and global capital markets.
Sukuk and bond issuances help us diversify our sources of funding and optimise our capital structure.
MYR Facilities
All the Islamic Medium-Term Notes (“IMTN”) issued by Special Purpose Vehicles (SPVs) are irrevocably and unconditionally
guaranteed by the Khazanah. RAM Ratings has reaffirmed the AAA rating of the sukuk issues of these financing conduits with a
stable outlook in December 2020.
| Issuer | Facility | Facility Size | Shariah Principle |
|---|---|---|---|
| Danga Capital Berhad | Islamic Securities Programme | RM10b | Musyarakah |
| Danum Capital Berhad | Islamic MTN Sukuk Danum Programme | RM10b | Wakalah |
| Rantau Abang Capital Berhad | Islamic MTN Sukuk Musyarakah Programme | RM7b | Musyarakah |
| Ihsan Sukuk Berhad1 | Islamic MTN Sukuk Ihsan Programme | RM1b | Wakalah |
1Ihsan Sukuk was the first programme approved under the Securities Commission Malaysia’s Sustainable and Responsible Investment Sukuk (“SRI”) framework. Proceeds were utilised to fund schools under Yayasan AMIR’s (“YA”) Trust School Programme. YA is a not-for-profit foundation incorporated by Khazanah to improve accessibility of quality education in Malaysian Government schools through a Public-Private Partnership with the Ministry of Education.
Foreign Currency Facilities
Since 2004, Khazanah continues to issue exchangeable sukuk/bonds as well as plain vanilla sukuk/bonds to meet its USD funding requirements.
| Issuer | Size | Reference Securities |
|---|---|---|
| Cerah Capital Ltd | USD500m | CIMB Group Holdings Bhd |
| Cindai Capital Ltd | USD320.8m | CITIC Securities Co Ltd (H-shares) |
