Tuesday 22, September 2015 by Matthew Amlôt

MARC assigns rating of AA-IS to MMC Corporation Berhad’s MYR 1.5 billion Sukuk Murabahah programme

MARC has assigned a rating of AA-IS with a stable outlook to MMC Corporation Berhad’s (MMC) proposed notes issuance of up to MYR 1.5 billion under a Sukuk Murabahah Programme (Sukuk Murabahah). The bulk of the proceeds from the proposed programme will be largely utilised to refinance MMC’s existing borrowings at the holding company level.

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