which comprised RM1.0 billion with 15 years tenure and RM2.0 billion with 20 years tenure, with profit rates of 4.8% and 5.0% per annum respectively. (x) Sukuk - Southern Power Generation Sdn. Bhd. (‘SPG’) On 31 October 2017, SPG issued a Sukuk Wakalah of RM3.7 billion in nominal value to finance the construction of a 1,440MW gas-fired power plant and associated facilities, including the interconnection facilities. The tenure of the facility agreement is 18 years with profit rates between 4.7% and 5.6% per annum. The sukuk facility agreement consists of 28 tranches with tenures ranging from 4.5 years to 18 years. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 274 26 BORROWINGS (CONTINUED) (b) Bonds or Sukuk (continued) (x) Sukuk - SouthernPower Generation Sdn. Bhd. (‘SPG’) (continued) The Sukuk Wakalah is secured by the following securities: (a) all PPE including the plant, machinery, motor vehicle, furniture, fittings and other equipment of the SPG. (b) all shares, bonds and securities whether marketable or otherwise and all other interests including but not limited loan capital. (xi) Sukuk - Islamic Medium Term Note Sukuk Wakalah (RM10.0 billion) On 30 June 2020, the Company established unsecured RM10.0 billion Islamic Medium Term Note Sukuk Wakalah. The Sukuk Programme is to finance capital expenditure, investment, general corporate purposes, working capital requirement and/or refinance any existing financing facilities of the Company and/or subsidiaries and to defray any fees and expenses of Sukuk Wakalah Programme. On 12 August 2020, the Company issued RM3.0 billion Sukuk Wakalah which comprised RM750.0 million with 10 years tenure, RM750.0 million with 15 years tenure and RM1.5 billion with 20 years tenure, with profit rates of 2.9%, 3.3% and 3.6% per annum respectively. On 25 November 2021, the Company issued RM3.0 billion Sukuk Wakalah which comprised RM300.0 million with 7 years tenure, RM300.0 million with 10 years tenure, RM1.2 billion with 15