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Malaysia RAM rates Tanjung Bin Power’s 4.5 bln rgt sukuk at AA2

Posted on 17 August 2012

Malaysia’s RAM Ratings assigned a rating of AA2 on Malaysian independent power producer (IPP) Tanjung Bin Power Sdn Bhd’s proposed sukuk Ijarah program of up to 4.5 billion ringgit ($1.44 billion) in nominal value on Thursday.
The company was roped in to construct, own and operate a coal-fired power plant in the southern state of Johor, under an agreement with government-linked power producer Tenaga Nasional Bhd………………………………………..Full Article: Source

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