TNB DRAWS UP US$2.5B SUKUK PROGRAMME
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.