Overwhelming response to Tenaga's RM3b Islamic MTN

TNB president and CEO Datuk Seri Amir Hamzah Azizan said: “We are pleased with the investors' response to this transaction and the pricing achieved across all the three tranches, which is well within and in some tranches tighter than the current secondary trading levels of TNB's other outstanding sukuk".

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) debut issuance of RM3bil Islamic medium term notes received an overwhelming response from both local and regional investors.

The power giant said on Wednesday the MTN was under its recently established Sukuk Wakalah programme of up to RM10bil in nominal value.