Malaysia’s national power producer Tenaga Nasional Bhd’s RM4.85 billion (US$1.55 billion) Islamic sukuk attracted RM23 billion worth of subscriptions and was priced 3.8-4.9 percent, IFR reported on Thursday.
IFR, a unit of Thomson Reuters, said the AAA-rated sukuk was divided into 16 tranches, and pricing was “at or below the tight ends of final guidance”.
The bonds were issued via Manjung Island Energy, an special purpose vehicle set up to partially fund the construction of a mew coal-fired power plant in the Malaysian state of Perak. -- Reuters
IFR, a unit of Thomson Reuters, said the AAA-rated sukuk was divided into 16 tranches, and pricing was “at or below the tight ends of final guidance”.
The bonds were issued via Manjung Island Energy, an special purpose vehicle set up to partially fund the construction of a mew coal-fired power plant in the Malaysian state of Perak. -- Reuters
