Tenaga raises RM1bn sukuk for Kedah solar
Tenaga Nasional's unit TNB Kuala Muda Solar has issued a RM1.05 billion ($265 million) sukuk wakalah to help finance a 500MWac solar project in Kedah, Malaysia. The sukuk was issued in 17 tranches. Proceeds will reimburse pre-financial close project costs, refinance existing borrowings,...