KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has submitted to the Securities Commission the programmes to sell RM10bil long term 50-year Islamic bonds, as well as short-term, Islamic commercial papers of up to RM2bil.
Maybank Investment Bank Bhd is the adviser for the Sukuk Wakalah Programmes.
"The Sukuk Wakalah Programmes will provide TNB and its subsidiaries with the flexibility to time its fund-raising exercises with varying nominal value and tenures for optimal asset-liability matching," the company told Bursa Malaysia today.
"TNB will also be able to access to diversified pool of investors in local capital markets," it said.
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