04.05.2012 - HLI fully redeems sukuk before maturity
RAM Ratings has been informed that Hong Leong Industries Berhad has redeemed the RM50 million of outstanding sukuk under its RM500 million Islamic Commercial Papers/Medium-Term Notes Programme (2008/2015). At the same time, the debt facility has been cancelled. Following this, RAM Ratings no longer has any rating obligation on the facility, which had previously carried AA3/Stable/P1 ratings. (Press Release)