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Tenaga gets over US$1.25b orders for US$750m Sukuk


KUALA LUMPUR: Tenaga Nasional Bhd got more than US$1.25bil (RM4.15bil) of orders from 94 accounts for sale of US$750mil 10-year Sukuk, according to Bloomberg.

By region, Asia accounted for 82%, Europe 15% and Middle East 3%.

By investor type, fund managers accounted for 44% and banks 42%.

Last week, Tenaga's  multicurrency sukuk issuance programme was rated BBB by  S&P Global Ratings.

The power giant's special-purpose company TNB Global Ventures Capital Bhd was tasked to undertake the issuance of the US$1bil wakala trust certificates.

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