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Malaysia's Khazanah hits road for US dollar sukuk

Almost a third of Americans said in January that the economy was improving, helping to boost expectations to a seven-month high even as sentiment around current conditions withered.

[HONG KONG] Khazanah Nasional Berhad has mandated Barclays, CIMB, Morgan Stanley and UBS to arrange a series of investor meetings for a US dollar sukuk offering.

The roadshow will take place in Dubai on Sunday, Hong Kong on Monday, Singapore on Tuesday and London on Wednesday.

The Reg S offering will be unrated and issued off the Multi-currency Islamic Securities Issuance Programme established by Danga Capital Berhad.

Danga Capital is a special purpose financing vehicle initiated by Khazanah, the sovereign wealth fund of the government of Malaysia.