Khazanah Nasional 3.75% Sustainable Sukuk 2029

MYBMX2400123 · Government

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AAAWakalahMYR🏛️ Government

Khazanah Nasional 3.75% Sustainable Sukuk 2029

Issued by Khazanah Nasional Berhad

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Current Yield

3.92%

+0.12% vs issuance

Coupon Rate

3.75%

at issuance 3.80%

Maturity

3.2yr

15 Jun 2029

Face Value

MYR 2.0B

4.2x oversubscribed

Issuance Details

ISIN: MYBMX2400123
Structure: Wakalah
Issuance Date: 15 Jun 2024
Maturity Date: 15 Jun 2029
Tenor: 5 years
Status: Active
Lead Arranger: CIMB Investment Bank
Trustee: Amanah Raya Berhad

Ratings

RAM

Stable outlook

Rated 01 Jun 2024

AAA

Use of Proceeds

General corporate purposes and green/sustainable projects aligned with the UN Sustainable Development Goals.

Plain-Language Summary

AI-Ready

This Wakalah sukuk by Khazanah Nasional acts as Malaysia's sovereign wealth fund's sustainable financing vehicle. Investors effectively appoint Khazanah as their agent (wakeel) to invest funds in a portfolio of Shariah-compliant assets. Returns are generated from profits of these assets. The sukuk is rated AAA by RAM, reflecting the strong backing of the Malaysian government and Khazanah's solid financial position.