Labuan , Malaysia , Friday, 6 May 2005 – Labuan International Financial Exchange (LFX) lists its 30 th financial instrument today. TNB Capital (Labuan) Limited (TNB Capital), a Labuan incorporated offshore company and wholly-owned subsidiary of Tenaga Nasional Berhad (Tenaga), listed its ten-year USD350 million fixed rate guaranteed notes (Notes) due in 2015 on the offshore financial exchange.
The primary listing of the Notes raised the market capitalisation of LFX to USD11.40 billion (RM43.31 billion). LFX has to-date 18 conventional debt instruments and exchangeable bonds, five (5) investment funds and five (5) Islamic certificates (Sukuk) listed on the exchange.
With the listing of the Notes, LFX, which is a web and electronic-based financial exchange, made further strides towards becoming a more vibrant offshore market centre for capital market and fund management activities in the ASEAN and Asia-Pacific region.
Yusli Mohamed Yusoff, Chairman of the LFX Board and CEO of Bursa Malaysia Berhad, said that “LFX plays an important role in the development of the capital market in the Malaysian International Offshore Financial Centre (IOFC) in Labuan. Hence, greater efforts will be directed towards enhancing the performance of the offshore exchange in the near future”.
Tenaga is listed on the Main Board of Bursa Malaysia Securities Berhad (“Bursa Securities”) and its principal businesses are the generation, transmission and distribution of electricity in Malaysia.
The net proceeds of the issue of the Notes will be applied by the Issuer to refinance its existing borrowings, equity management and otherwise for its general corporate capital purposes.
The listing sponsor and advisor for the listing on LFX is CIMB ( Labuan) Limited (CIMBL). Licensed by LFX, a listing sponsor is primarily responsible to arrange for the listing of instruments on LFX and for any subsequent post listing obligations arising.
About Labuan International Financial Exchange (LFX):
LFX is an international offshore financial exchange based in Labuan, the international offshore financial centre of Malaysia. LFX is web-based at www.lfx.com.my and utilise international networking and electronic communication systems to facilitate exchange listing and trading facilities. LFX facilitates the listing of both conventional and Islamic multi-currency financial instruments and allows the issuer the flexibility to structure instruments for listing that best suit their funding needs. LFX is a company limited by shares and is wholly-owned by Bursa Malaysia Berhad. |
