KUALA LUMPUR Oct 27 Malaysia's national power
producer Tenaga Nasional Bhd's 4.85 billion ringgit
($1.55 billion) Islamic sukuk attracted 23 billion ringgit worth
of subscriptions and was priced 3.8-4.9 percent, IFR reported on
IFR, a unit of Thomson Reuters, said the AAA-rated sukuk was
divided into 16 tranches, and pricing was "at or below the tight
ends of final guidance".
The bonds were issued via Manjung Island Energy, an special
purpose vehicle set up to partially fund the construction of a
mew coal-fired power plant in the Malaysian state of Perak.
($1 = 3.129 Ringgit)
(Reporting by Kityin Boey from IFR; Writing by Min Hun Fong;
Editing by Niluksi Koswanage)