IslamicFinance.de

It appears that Tenaga Nasional Bhd. (TNB) sold 4.85 billion ringgit ($1.5 billion) of Islamic bonds maturing in five to 20 years at yields between 3.80 % and 4.90 %.
The sukuk was sold in 16 portions and was priced at the lower end of the initial yield guidance.

The list following borrowers are anticipated to sell Islamic bonds: Indonesia, ABU DHABI NATIONAL ENERGY CO, QATAR INTERNATIONAL ISLAMIC BANK (QIIK), TENAGA NASIONAL BHD. (TNB), MIDCITI RESOURCES SDN BHD., AL HILAL BANK, EMERY OLEOCHEMICALS GROUP, PT BANK MUAMALAT INDONESIA, INTERNATIONAL ISLAMIC LIQUIDITY MANAGEMENT CORP., ACWA POWER INTERNATIONAL, ISLAMIC BANK OF THAILAND, PT BANK SYARIAH BRI, Russia, Senegal, TOURISM DEVELOPMENT & INVESTMENT CO., KUVEYT TURK KATILIM BANKASI AS and many others.

TENAGA NASIONAL BHD. (TNB), MIDCITI RESOURCES SDN Bhd., Indonesia, SAUDI ARAMCO TOTAL REFINING & PETROCHEMICAL CO., PALESTINE MONETARY AUTHORITY, AL HILAL BANK, KUALA LUMPUR KEPONG BHD. (KLK) , EMERY OLEOCHEMICALS GROUP, PT BANK MUAMALAT INDONESIA, PT BANK SYARIAH BRI, TOURISM DEVELOPMENT & INVESTMENT CO. and many others are expected to sell Islamic bonds, which consume asset returns to pay investors to accede with the religion’s ban on interest.