Tenaga Nasional Bhd (TNB) launched yesterday the book-building exercise for its proposed RM200mil convertible redeemable income securities (CRIS) issue, marking the power utility's first foray into the ringgit equity market since it went public in 1992.
TNB president and chief executive officer Datuk Pian Sukro said the CRIS would enable the group to reduce its borrowing costs and, at the same time, diversify its ringgit investor base from the traditional fixed-income players.
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