(Bloomberg) -- Khazanah Nasional Bhd., Malaysia's
state investment arm, said it sold $850 million of Islamic bonds
that can be converted into shares of the country's biggest toll-
road operator to fund its business.
Khazanah sold an additional $250 million, after initially
offering to sell $600 million of the five-year exchangeable bonds
because investors demanded more, the company said in an e-mailed
statement last night. Khazanah owns about 24 percent of PLUS
Expressways Bhd., the toll-road company.
Read more at Bloomberg Bonds News
state investment arm, said it sold $850 million of Islamic bonds
that can be converted into shares of the country's biggest toll-
road operator to fund its business.
Khazanah sold an additional $250 million, after initially
offering to sell $600 million of the five-year exchangeable bonds
because investors demanded more, the company said in an e-mailed
statement last night. Khazanah owns about 24 percent of PLUS
Expressways Bhd., the toll-road company.
Read more at Bloomberg Bonds News
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