TNB’s RM2 bil sustainability sukuk for Nenggiri dam oversubscribed by two times

KUALA LUMPUR (March 29): Tenaga Nasional Bhd (TNB)’s wholly-owned subsidiary TNB Power Generation Sdn Bhd (TNB Genco) has issued RM2 billion in sustainability sukuk wakalah to fund the development of the Nenggiri Hydroelectric Power Plant project in Kelantan. In a bourse filing on Wednesday (March 29), the national utility giant said the issuance — upsized...

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