Putrajaya Holdings’ RM3b sukuk assigned AAA rating
KUALA LUMPUR, Aug 13 – Putrajaya Holdings Sdn Bhd’s RM3 billion sukuk, or Islamic bond, has been assigned a preliminary rating of AAA by Malaysian Rating Corp Bhd (MARC).
Funds raised by the company will go to constructing selected government and commercial buildings in Malaysia’s administrative centre of Putrajaya.
The company has previously relied on Islamic debt issuances to fund the development of government buildings and quarters. MARC also reaffirmed its stable AAA outlook for the company’s existing issuances. – Reuters