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OTHERS TENAGA NASIONAL BERHAD'S ISSUANCE OF ISLAMIC MEDIUM TERM NOTES OF RM4.0 BILLION ("RM4.0 BILLION SUSTAINABILITY 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 ("SUKUK WAKALAH PROGRAMME")
TENAGA NASIONAL BHD
Type
Announcement
Subject
OTHERS
Description
TENAGA NASIONAL BERHAD'S ISSUANCE OF ISLAMIC MEDIUM TERM NOTES OF RM4.0 BILLION ("RM4.0 BILLION SUSTAINABILITY 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 ("SUKUK WAKALAH PROGRAMME")
1. INTRODUCTION
We refer to the announcement made on 1 April 2026. On behalf of Tenaga Nasional Berhad's ("TNB" or the "Issuer") Board of Directors, Maybank Investment Bank Berhad ("Maybank IB") is pleased to announce that TNB has, on 29 May 2026, issued the RM4.0 billion Sustainability Sukuk Wakalah.
CIMB Investment Bank Berhad ("CIMB IB") and Maybank IB are the Joint Principal Advisers and Joint Lead Arrangers for the Sukuk Wakalah Programme. CIMB IB and Maybank IB are also the Joint Lead Managers for the RM4.0 billion Sustainability Sukuk Wakalah.
Maybank IB is also the Sustainability Framework Adviser for the Sukuk Wakalah Programme.
2. ISSUANCE DETAILS
The RM4.0 billion Sustainability Sukuk Wakalah is the first issuance under the Sukuk Wakalah Programme and was issued in 5 tranches as follows:-
Tranche No.
Tenure (Years)
Nominal Value of the Sustainability Sukuk Wakalah
(RM' million)
Periodic Distribution Rate
(% per annum)
1
7
450.0
3.81
2
10
300.0
3.93
3
15
850.0
4.19
4
20
1,050.0
4.31
5
25
1,350.0
4.37
Total
4,000.0
3. FINANCIAL EFFECT OF THE ISSUANCE
(i) Issued and paid-up share capital and substantial shareholders' shareholding
The RM4.0 billion Sustainability 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 Sustainability Sukuk Wakalah, TNB's consolidated borrowings will increase by RM4.0 billion.
The RM4.0 billion Sustainability Sukuk Wakalah issuance will not have material impact on the earnings, EPS and net assets per share of TNB for the current financial year.