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Tanjung Bin Power’s sukuk ijarah ’stable’

Posted on 25 July 2012

RAM Ratings has assigned a preliminary AA2 long-term rating to Tanjung Bin Power Sdn Bhd’s proposed Sukuk Ijarah Programme of up to RM4.5 billion in nominal value (2012/2029).
The long-term rating has a stable outlook. Tanjung Bin Power is an independent power producer that has been granted the right to construct, own and operate a 2,100-MegaWatt coal-fired power plant in Tanjung Bin, Johor, for 25 years, under a Power Purchase Agreement (PPA) with Tenaga Nasional Bhd (TNB) that expires on Sept 27,2031………………………………………..Full Article: Source

 
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