Wednesday 02, September 2015 by Matthew Amlôt

MARC assigns rating of AA-IS to Jimah East Power Sdn Bhd’s Sukuk Murabaha of up to MYR 10 billion

MARC has assigned a preliminary rating of AA-IS to Jimah East Power Sdn Bhd’s (JEP) proposed Sukuk Murabahah of up to MYR 10.0 billion. The outlook on the rating is stable. The proceeds from the proposed Sukuk Murabahah will be used to develop, design and construct a 2x1,000-megawatt ultra-supercritical coal-fired power plant in Negeri Sembilan.

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