Tue, May 26, 2020
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

MARC assigns AAA rating on Celcom sukuk

Posted on 16 August 2012

Malaysian Rating Corporation Bhd (MARC) has assigned a preliminary rating of AAA IS with a stable outlook to Celcom Transmission (M) Sdn Bhd’s proposed RM5 billion nominal value sukuk programme. Proceeds from the sukuk offering will be largely used to retire existing debt of RM4.2 billion.
Celcom Transmission is a core subsidiary of the Celcom Axiata Bhd Group, Malaysia’s second largest wireless service provider. “The rating reflects the credit strength of the overall consolidated entity, premised on the significant financial and operational links between Celcom Transmission, parent company Celcom Axiata and fellow subsidiary, Celcom Mobile Sdn Bhd………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
May 2020
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031