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Malakoff's power-generation subsidiary proposes RM4.5b Islamic bonds


KUALA LUMPUR (Dec 31): Malakoff Corp Bhd’s wholly-owned subsidiary Tanjung Bin Energy Sdn Bhd (TBE) has proposed to issue RM4.5 billion worth of Islamic bonds or sukuk, the proceeds of which will be used to repay money owed by TBE to its 100%-owned turnkey contractor Tanjung Bin Energy Issuer Bhd (TBE Issuer), according to RAM Ratings.
RAM Ratings analysts Chong Van Nee and Aw Wei Xuan wrote in a note yesterday TBE is an independent power producer (IPP) that owns and operates an ultra-supercritical 1,000MW coal-fired power plant in Tanjung Bin, Johor under a 25-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB).  ....

Kuala Lumpur , Tanjung Bin , Peninsular Malaysia , Malaysia General , Tenaga Nasional Bhd , Wei Xuan , Tanjung Bin Energy Sdn Bhd , Malakoff Corp Bhd , Tanjung Bin Energy Issuer Bhd , Chong Van Nee , Bursa Malaysia , குவாலா லம்பூர் , தீபகற்பம் மலேசியா , மலேசியா ஜநரல் , டெனாகா நேஷனல் ப்ட் , வெய் வைவாந் , மலாக்காஃப் கார்ப் ப்ட் , சோங் வேன் நீ ,