TENAGA

11.720

+0.08 (+0.7%)

OTHERS TENAGA NASIONAL BERHAD ("TNB") ISSUANCE OF RM4.0 BILLION IN NOMINAL VALUE ISLAMIC MEDIUM TERM NOTES ("RM4.0 BILLION SUKUK WAKALAH") UNDER AN ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM10.0 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("IMTN PROGRAMME")

TENAGA NASIONAL BHD

Type Announcement
Subject OTHERS
Description 
TENAGA NASIONAL BERHAD ("TNB")

ISSUANCE OF RM4.0 BILLION IN NOMINAL VALUE ISLAMIC MEDIUM TERM NOTES ("RM4.0 BILLION SUKUK WAKALAH") UNDER AN ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM10.0 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("IMTN PROGRAMME")

1. INTRODUCTION

 

On behalf of TNB’s Board of Directors, Maybank Investment Bank Berhad is pleased to announce that the RM4.0 billion Sukuk Wakalah has been issued on 30 June 2022.

CIMB Investment Bank Berhad (“CIMB”) and Maybank Investment Bank Berhad (“Maybank IB”) are the Joint Principal Advisers and Joint Lead Arrangers for the IMTN Programme. CIMB and Maybank IB are also the Joint Lead Managers/Joint Bookrunners for the RM4.0 billion Sukuk Wakalah.

 

2. ISSUANCE DETAILS

 

The RM4.0 billion Sukuk Wakalah is the third issuance from the IMTN Programme and was issued in 5 tranches as follows:-

 

 

Tranche 1

Tranche 2

Tranche 3

Tranche 4

Tranche 5

Issue Size

RM1,120.0 million

RM300.0

million

RM880.0

million

RM500.0

million

RM1,200.0 million

Tenure Of Issue

7 years

10 years

15 years

20 years

25 years

Periodic Distribution Rate

4.73% p.a.

4.84% p.a.

5.23% p.a.

5.36% p.a.

5.57% p.a.

 

3. FINANCIAL EFFECT OF THE ISSUANCE

 

(i)  Issued and paid-up share capital and substantial shareholders’ shareholding

The RM4.0 billion Sukuk Wakalah issuance will not have any effect on the issued and paid-up share capital of TNB and/or the substantial shareholders’ shareholding in TNB.

 

(ii)  Earnings and earnings per share (“EPS”) and net assets per share

Upon the issuance of the RM4.0 billion Sukuk Wakalah, TNB’s consolidated borrowings will increase by RM4.0 billion.

The RM4.0 billion Sukuk Wakalah issuance will not have material impact on the earnings, EPS and net assets per share of TNB for the current financial year.

 

This announcement is dated 30 June 2022.



Announcement Info

Company Name TENAGA NASIONAL BHD
Stock Name TENAGA
Date Announced 30 Jun 2022
Category General Announcement for PLC
Reference Number GA1-30062022-00079


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