Sat, Apr 19, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

UEM Group to issue RM2.2bln 30-yr Sukuk

Posted on 14 June 2012

UEM Group Bhd has proposed a 30-year Islamic medium-term notes (MTN) programme of up to RM2.2bil. RAM Rating Services Bhd had on Wednesday assigned a long-term rating of AA2 to the Sukuk, which would be issued by United Growth Bhd - which is a unit of UEM Group. The long-term rating has a stable outlook.
The ratings agency said through an irrevocable and unconditional purchase undertaking between United Growth and UEM, the latter would buy the portfolio units from United Growth at a price equal to the exercise price………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930