PNB launches second RM1.22 billion exchangeable sukuk
Permodalan Nasional Bhd (PNB) has launched its second offering of exchangeable guaranteed sukuk worth US$300 million (RM1.22 billion) through its Labuan-incorporated special purpose vehicle, Mekar Capital II Ltd. Proceeds will be invested in US dollar-denominated global sukuk assets, and the sukuk is exchangeable into shares of SD Guthrie Bhd.