MPower issues RM250m sukuk

KUALA LUMPUR: Malakoff Corp Bhd’s unit, Malakoff Power Bhd (MPower), has issued its inaugural RM250 million Asean Sustainability Sustainable and Responsible Investment (SRI) sukuk murabahah under its RM1.2 billion Islamic Medium-Term Notes Programme. It is Malakoff’s first sustainability offering under its Asean Sustainability SRI sukuk murabahah and the first by an independent power producer in Malaysia. The proceeds from the issuance will be used to finance its projects.