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AA3 ratings for Kencana Islamic bond sales

Posted on 17 June 2011

Kencana Petroleum Bhd, a Malaysian oil and gas services company, was assigned preliminary AA3 ratings for two proposed Islamic bond sales at RAM Rating Services Bhd.
The Kuala Lumpur-based company is planning RM350 million five-year sukuk with detachable warrants, and a second five-year Islamic bond of RM700 million, RAM said………………………………………Full Article: Source

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