The corporate exercise is the largest sukuk offering globally this year.
KUALA LUMPUR : The Employees Provident Fund (EPF) will subscribe up to RM5.25bil for the institutional portion of a RM8.98bil sukuk murabahah programme by Tenaga Nasional Bhd
’s (TNB) subsidiary Jimah East Power Sdn Bhd (JEP), according to a source familiar with the matter.
TNB had in July this year acquired a 70% equity interest in JEP from 1Malaysia Development Bhd (1MDB) for RM47mil.
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