MALAYSIA: RAM has withdrawn the ratings on the Sukuk facilities of Lingkaran Trans Kota, Kesas and Projek Smart Holdings, which have been fully redeemed as part of the recent issuance of Amanat Lebuhraya Rakyat’s RM5.5 billion (US$1.17 billion) sustainability Sukuk, according to a press release.
Lingkaran Trans Kota had a RM1.15 billion (US$243.8 million) Sukuk Musharakah Islamic Medium-Term Notes I Programme (2008/2023) and a RM300 million (US$63.58 million) Sukuk Musharakah Islamic Medium-Term Notes II Programme (2008/2023); Kesas had a RM735 million (US$155.82 million) Sukuk Musharakah Islamic medium-term note facility (2014/2023); and Projek Smart Holdings had a RM330 million (US$69.96 million) Islamic medium-term note facility (2015/2032).