Sunday 28, February 2016 by Matthew Amlôt

MARC assigns AAAIS rating to Putrajaya Bina SDN BHD’s MYR 1.58 billion Sukuk Wakalah programme

MARC has assigned a preliminary rating of AAAIS with a stable outlook to Putrajaya Bina Sdn Bhd’s (PBSB) proposed Islamic Medium-Term Notes (Sukuk Wakalah) Programme of up to MYR 1.58 billion. Proceeds from the issuance will part fund the MYR 1.9 billion development costs for nine blocks of government office buildings and one block of shared facilities that PBSB will undertake under a concession from the Malaysian government.

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