This Oct 14 file picture shows Merdeka PNB 118 (Warisan Merdeka) building site's progress. The tower will comprise some of these features: 82 office floors, 18 floors for a 6-star hotel, and another 18 floors for the sky lobby, observation deck. Seven floors with a 900,000 square feet space has also been allocated for a shopping mall. - RAJA FAISAL HISHAN/The Star
PETALING JAYA: Permodalan Nasional Bhd’s (PNB) unit has proposed a sukuk programme to raise up to RM2bil to fund the construction of its Merdeka PNB118 tower project in Kuala Lumpur.
In a statement, the largest state-owned fund manager in Malaysia said its wholly-owned subsidiary PNB Merdeka Ventures Sdn Bhd (PNBMV) was planning to issue a 15-year tenure secured green sukuk, known as Merdeka Asean Green SRI Sukuk Programme, to fund the 83-storey office space, which would form part of the Merdeka PNB118 Tower project.
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