Thursday, September 15, 2011

Tenaga to issue RM5 bln sukuk end-October

KUALA LUMPUR: TENAGA NASIONAL BHD [] will raise RM5 billion from a 20-year ringgit denominated Sukuk to be issued at the end of October, its president and chief executive officer Datuk Seri Che Khalib Mohd Noh said.

"We will do the book building exercise in the third week of October," he told Bernama on Thursday, Sept 15.

Che Khalib said the proceeds from the Sukuk would be used to finance the extension of the 1,000-MW Janamanjung coal-fired power plant in northern Perak.

"The timing is good as the domestic market is now flushed with liquidity," he added. - Bernama

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