TNB's subsidiary lodges Sukuk Wakalah programme with SC

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) wholly-owned subsidiary, TNB Power Generation Sdn Bhd (TPGSB) had lodged a Sukuk Wakalah Programme of up to RM10 billion with the Securities Commission Malaysia.

In a filing with Bursa Malaysia today, TNB said the Sukuk Wakalah Programme would provide TPGSB with the flexibility to time its fund-raising exercises with varying nominal value and tenures for optimal asset-liability matching.

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