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Thursday, Sep 21, 2017
MARC ASSIGNS PRELIMINARY RATING OF AA-IS TO SOUTHERN POWER’S PROPOSED SUKUK WAKALAH OF UP TO RM4.0 BILLION; OUTLOOK STABLE
MARC has assigned a preliminary rating of MARC has affirmed the AA--IS to Southern Power Generation Sdn Bhd’s (Southern Power) proposed Sukuk Wakalah of up to RM4.0 billion. The outlook on the rating is stable. Southern Power, a 51:49 joint venture between Tenaga Nasional Berhad (TNB) and SIPP Energy Sdn Bhd, will utilise proceeds from the sukuk to develop a 2x720-megawatt combined cycle gas-fi...
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