Malaysia’s Tenaga Nasional Bhd. sold 4.85 billion ringgit ($1.5 billion) of Islamic bonds maturing in five to 20 years at yields between 3.80 percent and 4.90 percent, according to the company’s chief executive officer.
The Islamic bonds, or sukuk, which pay returns from assets that comply with the religion’s ban on interest, were sold in 16 portions and were priced at the lower end of the initial yield guidance, Che Khalib Mohamad Noh said……………………………………….Full Article: Source