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.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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TNB Power Generation , Sukuk Wakalah Programme , Nenggiri Hydroelectric Power Plant , Sustainability. Islamic finance

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