MARC has withdrawn its A-ID rating on Glomac Berhad’s (Glomac) RM60.0 million Junior Bai Bithaman Ajil Islamic Bonds with immediate effect, following the full redemption and cancellation of the facility, as confirmed by its facility agent, MIDF Amanah Investment Bank Berhad. MARC continues to maintain MARC-2ID/A-ID ratings on Glomac’s outstanding RM25 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes.

Contacts:
Elea Nor Zainal, 03-2090 2263/ elea@marc.com.my;
Lisa Tiong Chee Siang, 03-2090 2272/ lisationg@marc.com.my;
Katherine Hee, 03-2090 2273/ hcmay@marc.com.my