Tenaga Nasional 3.95% Green Sukuk Ijarah 2031
MYBMX2100789 · Utilities
Back to DashboardCompareAAA
AAAIjarahMYR💡 Utilities
Tenaga Nasional 3.95% Green Sukuk Ijarah 2031
Issued by Tenaga Nasional Berhad
Current Yield
4.35%
+0.35% vs issuance
Coupon Rate
3.95%
at issuance 4.00%
Maturity
5.1yr
10 May 2031
Face Value
MYR 2.5B
5.1x oversubscribed
Issuance Details
- ISIN
- MYBMX2100789
- Structure
- Ijarah
- Issuance Date
- 10 May 2021
- Maturity Date
- 10 May 2031
- Tenor
- 10 years
- Status
- Active
- Lead Arranger
- RHB Investment Bank
- Trustee
- CIMB Trustee Berhad
Ratings
RAM
Stable outlook
Rated 20 Apr 2021
Use of Proceeds
Financing of renewable energy projects including solar farms and hydroelectric upgrades aligned with TNB's sustainability roadmap.
Plain-Language Summary
AI-ReadyTNB's Green Sukuk uses the Ijarah (lease) structure where underlying electricity grid assets are sold to investors and leased back to TNB. The periodic coupon payments represent lease rentals. This sukuk is certified green, with proceeds directed to renewable energy infrastructure. It was the largest green sukuk at time of issuance.