Tenaga Nasional 4.20% Sustainability Sukuk 2034

MYBMX2400890 · Utilities

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AAAWakalahMYR💡 Utilities

Tenaga Nasional 4.20% Sustainability Sukuk 2034

Issued by Tenaga Nasional Berhad

Compare

Current Yield

4.25%

0.00% vs issuance

Coupon Rate

4.20%

at issuance 4.25%

Maturity

8.4yr

20 Aug 2034

Face Value

MYR 3.0B

3.4x oversubscribed

Issuance Details

ISIN: MYBMX2400890
Structure: Wakalah
Issuance Date: 20 Aug 2024
Maturity Date: 20 Aug 2034
Tenor: 10 years
Status: Active
Lead Arranger: Maybank Investment Bank
Trustee: CIMB Trustee Berhad

Ratings

RAM

Stable outlook

Rated 01 Aug 2024

AAA

Fitch

Stable outlook

Rated 28 Jul 2024

A-

Use of Proceeds

Financing TNB's 2050 sustainability roadmap including EV charging infrastructure, battery storage, and offshore wind projects.

Plain-Language Summary

AI-Ready

TNB's latest sustainability sukuk is structured as Wakalah over a diversified pool of energy assets. Aligned with the ASEAN Sustainability Bond Standards and Bursa Malaysia's Sustainability Framework. Proceeds fund TNB's energy transition — from fossil fuels to renewable energy sources.