TNB completes £72mil refinancing for UK offshore wind investment

TNB president and chief executive officer Datuk Indera Ir. Baharin Din

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) wholly owned subsidiary, Vantage RE Ltd has completed a £72mil (RM382mil) refinance package with two major lenders in the UK.

In a filing with Bursa Malaysia, the utility giant said the financing facility with Mizuho Bank Ltd and National Westminster Bank Plc (Natwest) featured a 15-year tenure and is related to TNB’s offshore wind investment in Blyth Offshore Demonstrator Limited (BODL).