Press Releases BOUSTEAD PLANTATIONS BERHAD MAKES FULL REDEMPTION OF RM50 MILLION GUARANTEED COMMERCIAL PAPERS AND MEDIUM-TERM NOTES

Thursday, Dec 07, 2006

On 7 December 2006, MARC received confirmation from Amanah Raya Berhad that Boustead Plantations Berhad (Boustead Plantations) has made a full redemption of its RM50 million Guaranteed Commercial Papers and Medium-Term Notes (CPs/MTNs) on 29 November 2006. As such, MARC no longer has any rating obligation on the CPs/MTNs. The ratings of Tranche 1 (RM50 million Guaranteed CPs/MTNs) at MARC-1(bg) / A+(bg) and Tranche 2 (RM50 million CPs/MTNs) at MARC-2 / A- respectively, are hereby withdrawn.