Wednesday, 3 July 2013

Tenaga to sell RM2bn of sukuk

Tenaga Nasional Bhd (TNB), Malaysia's biggest power producer, plans to sell as much as RM2bn of Islamic bonds to refinance existing debt, according to a source with knowledge of the deal. The state-owned company may offer notes with maturities of one to 13 years at indicative yields of 3.82-4.95%, said the source. TNB chief executive officer Datuk Seri Azman Mohd could not be immediately reached for comment. (Btimes)

Source: CIMB Daybreak - 03 July 2013

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