Malaysian power company Tenaga Nasional Bhd will soon issue Islamic bonds to raise about RM1.5 billion (US$1=RM3.8) to pay for boosting its distribution business, said chairman Jamaludin Jarjis. The bulk of the funds will be spent on building sub-stations and power lines. The company expects popular response to its commercial papers and medium-term notes with…
MALAYSIA: Power company Tenaga to issue Islamic bonds to raise RM1.5 billion
Posted on August 26, 2002 by EnergyAsia