Khazanah returns with $500m Tenaga exchangeable

Tenaga's electricity rate hikes went into effect yesterday - but perhaps it needs to get its own house in order before it charges customers more to flip on the lightswitch.

The SPV is one of the largest syndicated loan facilities arranged for a Malaysian unlisted company and will help expand the country's digital capabilities.

The price of power is about to go up in Malaysia. Malaysians can expect to see their rates rise by an average of 12% as of June 1.

The financial services platform continues its Apac expansion by offering 24 futures and options products, including agricultural commodities, energy, metals and freight, from the Shanghai International Energy Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange.

The record transaction from the Chinese insurance giant shows strong investor demand for hybrid equity instruments; the proceeds will be used for AI and international expansion.

Malaysia’s sovereign wealth fund continues to divest healthcare assets.