Malaysia's Tenaga plans $2.7b sukuk after Project 3B deal

Malaysia's Tenaga plans $2.7b sukuk after Project 3B deal

Tenaga Nasional is the largest power producer in Malaysia.

Tenaga Nasional Bhd is seeking to raise as much as MYR10 billion (S$2.7 billion) in an Islamic bond (sukuk) issue to develop a power plant project it is planning to take over from debt-laden state fund 1Malaysia Development Bhd (1MDB), sources familiar with the matter told Reuters.

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