TNB DRAWS UP US$2.5B SUKUK PRO­GRAMME

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Te­naga Na­sional Bhd (TNB) has es­tab­lished a US$2.5 bil­lion (RM10.3 bil­lion) sukuk pro­gramme which has been as­signed rat­ings of A3 Sta­ble by Moody’s In­vestors Ser­vice, Inc and BBB+ Sta­ble by Stan­dard & Poor’s Rat­ing Ser­vices. The sukuk pro­gramme does not have a fixed ten­ure. How­ever, any sukuk is­sued un­der the pro­gramme will have such ma­tu­ri­ties as may be agreed be­tween the is­suer and the rel­e­vant dealer. The sukuk may be listed on Bursa Malaysia Se­cu­ri­ties Bhd (un­der an ex­empt regime), Sin­ga­pore Ex­change Se­cu­ri­ties Trad­ing Ltd, or any other stock ex­change as may be agreed be­tween the is­suer and the rel­e­vant dealer in re­la­tion to each se­ries.

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