MALAYSIA: Solarpack Suria Sungai Petani (Solarpack Suria) has received a preliminary rating of ‘AA2/Stable’ from RAM Ratings on its proposed ASEAN Green SRI Sukuk Wakalah of up to RM305 million (US$68.78 million), a statement confirmed.
The proposed one-off issuance will be utilized to refinance a bridging loan taken to fund the construction of its solar photovoltaic plant in the state of Keda