Khazanah holders put back 45.71% exchangeable certificates due 2013

By Jennifer Chiou

New York, March 24 - Malaysia's Khazanah Nasional Bhd. announced that holders opted to put back 45.71% of the $550 million of originally issued Islamic trust certificates due 2013, exchangeable into Parkson Retail Group Ltd. common stock.

According to a Thursday news release, $251.4 million of the exchangeables was redeemed on March 12, leaving $298.6 million outstanding.

Khazanah is the investment holding arm of the government of Malaysia and manages the government's commercial assets.

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