Electricity utility Tenaga Nasional is looking to cut its foreign currency debts which it said were RM12-13 billion (US$3.27 billion), around half its total debts, Malaysian newspapers reported.
“We have managed to streamline our foreign currency loan to that of the US dollar and yen only,” Chief Executive Che Khalib Mohamad Noh said, according to the Star newspaper. Che Khalib said that the company would repurchase some of the loans if the price were right. - REUTERS