MALAYSIA’S KHAZANAH RAISES RM100 MILLION FROM SECOND TRANCHE OF SRI SUKUK

KUALA LUMPUR, Malaysia -Khazanah Nasional Bhd has raised RM100 million via a second tranche of the seven-year Sustainable and Responsible Investment Sukuk (SRI Sukuk), issued by a Malaysian-incorporated independent Special Purpose Vehicle, Ihsan Sukuk Bhd (Ihsan).

In a statement today, Khazanah said the settlement date of the SRI Sukuk will be Aug 8.

Proceeds from the second tranche, which was launched by Second Finance Minister Johari Abdul Ghani on June 13, 2017, would be used to fund the roll out of Yayasan AMIR’s (YA) Trust Schools Programme to at least 20 schools, said the strategic investment fund.

YA is a non-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.

As of June 2017, the Trust Schools Programme has been rolled out to 83 schools across 10 states, creating better outcomes for over 65,000 young Malaysians.

Source: NAM NEWS NETWORK