Malaysia’s insurers say they will buy 20-year Islamic bonds to be sold by Tenaga Nasional Bhd, the nation’s biggest power producer, amid a scarcity of securities maturing in more than 10 years.
Tenaga plans to raise as much as RM5 billion (US$1.7 billion) from the sale, likely in the third quarter, Chief Executive Officer Che Khalib Mohamad Noh said………………………………………Full Article: Source