Tenaga Nasional Subsidiary Lodges USD 2.4 Billion Sukuk Wakalah Programme with Securities Commission Malaysia

TNB Power Generation Sdn Bhd (TPGSB), also known as TNB Genco, the wholly-owned subsidiary of Tenaga Nasional Bhd’s (TNB), has announced its lodgement of a Sukuk Wakalah Programme of up to MYR 10 billion (USD 2.4 billion) with the Securities Commission (SC) Malaysia in a filing made with Bursa Malaysia on the 5th of April 2022.

Why it Matters?

The programme will allow TPGSB to flexibly time its fund-raising activities with varied nominal value and tenures in order to achieve the best asset-liability matching as well as provide it with access to a diverse pool of investors in the local capital markets. Furthermore, TPGSB will also be able to fund eligible projects that meet the TPGSB Sustainability Sukuk Framework’s set out criteria, support...