TNB to issue 50-year Sukuk Wakalah   


  • Corporate News
  • Tuesday, 30 Jun 2020

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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

TNB , Tenaga Nasional , Sukuk

   

Did you find this article insightful?

Yes
No

33% readers found this article insightful

Across the site