KUALA LUMPUR, June 4 Wed Jun 4, 2014 6:40am EDT
<span id="articleText"/>KUALA LUMPUR, June 4 (Reuters) - Malaysian state investor Khazanah Nasional Bhd plans to sell up to $750 million worth of U.S. dollar-denominated bonds, exchangeable into shares, to raise funds for general corporate purposes.
<span id="midArticle_0"/>Khazanah will sell $500 million of bonds maturing in five years and an additional $250 million worth in the event of exceptional demand, the fund said in a term sheet seen by Reuters on Wednesday.
<span id="midArticle_1"/>The bonds will be exchangeable into shares of Tenaga Nasional Bhd, Malaysia's largest electricity utility, at a premium of 10 percent to 20 percent over a reference price of 11.98 ringgit ($3.71).
<span id="midArticle_2"/>Khazanah has approval to list the bonds in Kuala Lumpur, the Malaysian territory of Labuan, and Hong Kong.
<span id="midArticle_3"/>JP Morgan, CIMB and Nomura will act as joint bookrunners for the sale.
<span id="midArticle_4"/>Khazanah last sold bonds in October, when it raised S$600 million ($477.23 million) in Singapore dollar-denominated sukuk - or Islamic bonds - exchangeable for shares in IHH Healthcare Bhd. ($1 = 3.2290 Malaysian Ringgit) ($1 = 1.2573 Singapore Dollars) (Reporting by Al-Zaquan Amer Hamzah; Editing by Christopher Cushing)
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<span id="articleText"/>KUALA LUMPUR, June 4 (Reuters) - Malaysian state investor Khazanah Nasional Bhd plans to sell up to $750 million worth of U.S. dollar-denominated bonds, exchangeable into shares, to raise funds for general corporate purposes.
<span id="midArticle_0"/>Khazanah will sell $500 million of bonds maturing in five years and an additional $250 million worth in the event of exceptional demand, the fund said in a term sheet seen by Reuters on Wednesday.
<span id="midArticle_1"/>The bonds will be exchangeable into shares of Tenaga Nasional Bhd, Malaysia's largest electricity utility, at a premium of 10 percent to 20 percent over a reference price of 11.98 ringgit ($3.71).
<span id="midArticle_2"/>Khazanah has approval to list the bonds in Kuala Lumpur, the Malaysian territory of Labuan, and Hong Kong.
<span id="midArticle_3"/>JP Morgan, CIMB and Nomura will act as joint bookrunners for the sale.
<span id="midArticle_4"/>Khazanah last sold bonds in October, when it raised S$600 million ($477.23 million) in Singapore dollar-denominated sukuk - or Islamic bonds - exchangeable for shares in IHH Healthcare Bhd. ($1 = 3.2290 Malaysian Ringgit) ($1 = 1.2573 Singapore Dollars) (Reporting by Al-Zaquan Amer Hamzah; Editing by Christopher Cushing)
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