TNB issues RM2bil Islamic bonds

TNB told Bursa Malaysia that Pengerang Power would design, construct, own, operate and maintain a co-generation facility with a nominal capacity of 1,729MW in Pengerang, Johor.

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has issued RM2bil Islamic medium-term notes (sukuk wakalah), it informed the stock exchange.

This represents the first issuance under the sukuk programme of up to RM5bil in nominal value set up last month. The programme has a tenure of 50 years starting from the date of this first issue.