Friday, Sep 18, 2009
MARC has withdrawn its AAAID rating assigned to Optimal Olefins (Malaysia) Sdn Bhd’s (Olefins) RM250 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) with immediate effect. The rating withdrawal follows the early redemption of BaIDS by Olefins on September 11, 2009 and confirmation by Joint Lead Arrangers (Maybank Investment Bank Berhad and HSBC Bank Malaysia Berhad) that the BaIDS was cancelled on even date.
Contacts:
Sandeep Bhattacharya / sandeep@marc.com.my;
Khairul Emran Mahmud / emran@marc.com.my