Khazanah to offer Islamic bonds exchangeable to IHH shares
SINGAPORE Oct 17 (Reuters) - Malaysian state investor Khazanah Nasional is offering up to S$600 million ($482.14 million) in Singapore dollar-denominated Islamic securities that can be exchanged for shares in IHH Healthcare , a term sheet seen by Reuters showed.
The zero-coupon bonds, which have a five-year tenor, can be exchanged into IHH shares at a premium of 10 to 17 percent over the reference share price of 4.19 Malaysian ringgit.
CIMB, Deutsche Bank and Standard Chartered are the bookrunners for the deal. ($1=1.2445 Singapore dollars) (Reporting by Yantoultra Ngui; Writing by Kevin Lim; Editing by Clarence Fernandez)
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