TNB unit completes RM1.56bil refinancing


Tenagabuilding

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) wholly-owned subsidiary Vantage RE Ltd has completed a £275mil (RM1.56bil) financing exercise through the refinancing of its Vantage Solar UK (VSUK) portfolio of solar power plants in the United Kingdom.

The financing facility with Macquarie Asset Management, arranged by Standard Chartered Bank, is part of Vantage RE’s management initiative to optimise VSUK’s financing structure and providing greater investment certainty over the longer term.

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