Edra hires three banks for RM5.28bil sukuk

his is Edra Global Energy Bhd's Powertek plant in Teluk Gong, Malacca. 1Malaysia Development Bhd (1MDB) sold Edra's entire energy assets to China General Nuclear Power Corp (CGN). - The Star filepic

KUALA LUMPUR: Independent power producer Edra Power Holdings Bhd has hired three domestic banks to raise RM5.28bil through a sukuk programme, two sources familiar with the deal said.

The wholly-owned unit of China General Nuclear Power Corp hired CIMB Investment Bank as the sole principal adviser and financial adviser, while Maybank Investment Bank and RHB Investment Bank are joint lead managers for the debt programme.