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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
