Tenaga powers up sukuk with $750m debut
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Tenaga powers up sukuk with $750m debut

Islamic lightbulb px230 for global capital

Malaysia’s Tenaga Nasional sold its first dollar sukuk on Wednesday, attracting $2bn of bids as investors shrugged off concerns around the country. While participants said that that the sukuk market has always been open for borrowers, they are hoping that the power company’s deal will fuel more issuance. Addison Gong reports.

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