TNB Explore Potential Funding
Tenaga Nasional Berhad (“TNB”) is in preliminary stages of setting up long term multi-currency medium term note programme. This is part of its on-going process of exploring funding options it might require in the future which is in line with its strategic objectives, and to sustain growth and shareholder value creation.
Any potential sukuk issuance in the future will largely depend on the successful completion of prospective transactions.
The company is responding to recent news reports suggesting that it has plans to issue US$3 billion (approximately RM13 billion) global sukuk to fund its investments.