TNB: No major impact of strong yen on loans

  • Business
  • Wednesday, 07 Apr 2004

Tenaga Nasional Bhd (TNB) does not expect any significant impact from the strengthening of the yen although its loans denominated in the Japanese currency make up about 10.5% of its total borrowings of RM31bil. 

This is because a large chunk of these loans have a very long tenure, including those carrying interest rate of less than 1% per annum.  

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