Malaysia Dealbook: TNB & OCK to raise funds for expansion

Malaysia Dealbook: TNB & OCK to raise funds for expansion

Tenaga Nasional is the largest power producer in Malaysia.

Malaysia’s Tenaga Nasional Bhd (TNB) has hired three banks to help raise up to MYR9.5 billion ($2.5 billion) through an Islamic bond issue, or sukuk. The funds will be used to develop a greenfield power plant it has taken over from state fund 1MDB.

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