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Tenaga finally issues $1.6bln Sukuk

Posted on 07 November 2011

Malaysia’s national utility company Tenaga Nasional Berhad has issued a 20-year RM4.9bn ($1.6bn) Sukuk to finance the construction of Southeast Asia’s largest coal-fired power plant, a 1000MW project on the manmade island of Manjung situated off the northern state of Perak.
The Sukuk was priced at 3.8% to 4.9% and is offered in 16 tranches. The issue was awarded an AAA rating by Malaysian ratings agency RAM Ratings and attracted RM23bn ($7.5bn) worth of subscriptions………………………………………..Full Article: Source

 
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