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Offshore aviation services provider Weststar Aviation Services Sdn Bhd has proposed to raise RM900mil under a Sukuk Mudharabah programme. Malaysian Rating Corporation Bhd (MARC) said on Thursday the proceeds from the notes would be used mainly to refinance up to RM870mil of existing debt at Weststar.
MARC assigned a preliminary rating of AA-IS with a stable outlook to the notes which would be issued by Weststar’s special purpose entity Weststar Capital Sdn Bhd………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more
Weststar Capital proposes RM900mln Sukuk
| Posted on 05 October 2012 |
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