TNB unit issues RM1.5bil Sukuk Wakalah to fund Nenggiri project

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) wholly-owned subsidiary TNB Power Generation Sdn Bhd (TPGSB) has issued RM1.5 billion worth of Sustainability Sukuk Wakalah under its Islamic medium-term notes programme of up to RM10 billion in nominal value.

The programme, which has a 30-year tenure, is based on the Shariah principle of Wakalah Bi Al-Istithmar.