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Article: Malaysia : Tenaga Mulls Raising MYR10B Via Bonds For Cable Project.
- Article from:
- TendersInfo
- Article date:
- September 4, 2009
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Byline: deepak203
Malaysian state-owned power firm Tenaga Nasional Bhd. (5347.KU) and its partners are considering raising MYR10 billion via bonds to fund an undersea cable project to transmit power from Borneo Island to peninsular Malaysia, Chief Executive Che Khalib Mohamad Noh said Friday.
"We are looking at such a possibility and have hired CIMB as the financial adviser...MYR10 billion is a ballpark number," Che Khalib told Dow Jones Newswires.
He declined to give details as the proposal is still in its preliminary stages.
Tenaga, Sarawak state government unit Sarawak Energy Bhd. (2356.KU) and the Ministry of Finance are ...