Press Releases - Category: Plantations
Displaying 1-10 of 89 results.
Friday, Jun 23, 2017
MARC has assigned a final rating of AAIS to Sime Darby Plantation Sdn Bhd’s (SDP) Perpetual Subordinated Sukuk Programme of up to RM3.0 billion (Perpetual Sukuk). The outlook on the rating is stable.Upon review of the final documentation of the proposed issuance, MARC is satisfied that the terms and conditions of the Perpetual Sukuk have not changed in any material way from the draft documentati...

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Friday, Jun 09, 2017
MARC has assigned a preliminary rating of AAIS to Sime Darby Plantation Sdn Bhd’s (SDP) Perpetual Subordinated Sukuk Programme of up to RM3.0 billion (Perpetual Sukuk) with a stable outlook. The Perpetual Sukuk is a novation of the existing Perpetual Sukuk of Sime Darby Berhad, currently the holding company of SDP. The existing outstanding amount under the Perpetual Sukuk is RM2.2 billion....

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Thursday, May 25, 2017
MARC has assigned a corporate credit rating of AAA to Sime Darby Plantation Sdn Bhd (SDP) with a stable outlook. The long-term rating benefits from a one-notch rating uplift for implicit support from government-linked investment company Permodalan Nasional Berhad (PNB), who will become SDP’s new direct majority shareholder upon the completion of the reorganisation of conglomerate Sime Darby Ber...

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Wednesday, Dec 30, 2015
MARC has withdrawn its ratings of AAA(IS) and AA+(IS) on Tradewinds Plantation Capital Sdn Bhd’s RM180.0 million Class A and RM30.0 million Class B asset-backed Sukuk Ijarah respectively. The ratings withdrawal follows the full redemption of the outstanding Class A and Class B Sukuk Ijarah and subsequent cancellation of the programmes on December 18, 2015. Upon the withdrawal of the rating...

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Monday, Apr 06, 2015
MARC has withdrawn its ratings of MARC-1ID(bg)/AAAID(bg) and MARC-1ID on Tradewinds Plantation Capital Sdn Bhd’s RM100.0 million Bank-Guaranteed Murabahah Commercial Papers/Medium-Term Notes (CP/MTN) Programme and RM90.0 million Murabahah Commercial Papers (CP) Programme respectively. The ratings withdrawal follows the full redemption and subsequent cancellation of the programmes on March 1...

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Tuesday, Jan 06, 2015
MARC has affirmed the following ratings on Tradewinds Plantation Capital Sdn Bhd’s (Tradewinds Plantation Capital) Islamic debt issuances of up to RM400 million: AAAIS and AA+IS ratings on RM60.0 million Class A and RM30.0 million Class B asset-backed Sukuk Ijarah respectively; MARC-1ID(bg)/AAAID(bg) ratings on RM100.0 million Bank Guaranteed Murabahah Commercial Paper/Medium Term Notes (BG...

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Friday, Jun 27, 2014
MARC has withdrawn its ratings of AAAID and MARC-2ID(cg)/A-ID(cg) on Kwantas SPV Sdn Bhd’s (Kwantas SPV) RM155 million asset-backed Sukuk Ijarah and up to RM65 million Murabahah Commercial Papers/Medium-Term Notes (CP/MTN) Programme respectively. The ratings withdrawal follows the full redemption of the outstanding RM20.0 million Class A Sukuk Ijarah and the cancelation of the Sukuk Ijarah a...

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Friday, Jan 03, 2014
MARC has affirmed its AAAID rating on Kwantas SPV Sdn Bhd’s (Kwantas SPV) outstanding RM20.0 million Class A asset-backed Sukuk Ijarah and MARC-2ID(cg)/A-ID(cg) rating on Murabahah Commercial Papers/Medium Term Notes (CP/MTN) Programme of up to RM65.0 million. The outlook for the ratings is stable. The rating of Murabahah CP/MTN Programme is equalised with Kwantas Corporation Berhad’s ...

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Thursday, Jan 02, 2014
MARC has affirmed its AAAIS and AA+IS ratings on Tradewinds Plantation Capital Sdn Bhd’s (Tradewinds Plantation Capital) asset-backed RM180.0 million Class A and RM30.0 million Class B Sukuk Ijarah (collectively the Sukuk) respectively with a stable outlook. Tradewinds Plantation Capital is a special purpose vehicle of Tradewinds Plantation Berhad (Tradewinds) incorporated to act as the fund...

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Thursday, Jul 04, 2013
MARC has withdrawn its ratings on Dura Palms Sdn Bhd’s (Dura Palms) RM283.87 million Sukuk Ijarah with immediate effect, following the full redemption of the outstanding sukuk on June 28, 2013 amounting to RM108.0 million and cancellation of the facility as confirmed by the facility agent, Kenanga Investment Bank Berhad. The withdrawn sukuk ratings are as follows: AAAIS rating on RM100.0 mil...

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