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Monday, May 10, 2021
OCBC BANK AND MFP SOLAR CONCLUDE AGREEMENT FOR GREEN TERM LOAN RATED GOLD BY MARC, SETTING A NEW MILESTONE FOR DOMESTIC SUSTAINABLE FINANCING MARKET
Malaysian Rating Corporation Berhad (MARC) and OCBC Bank (Malaysia) Berhad (OCBC Bank) today announced the closing of an externally reviewed multi-tranche Green Term Loan Facility (Facility) for MFP Solar Sdn Bhd (MFP Solar). The agreement facilitates the establishment of a RM100 million Facility between OCBC Bank and MFP Solar which will be utilised to finance the development of multiple rooftop ...
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Friday, May 07, 2021
MARC wishes to inform that Sparks Energy 1 Sdn Bhd has faced delays in achieving commercial operation date (COD) of its 30MWac solar power plants in Kuala Muda, Kedah and Machang, Kelantan. The delays have been attributed to logistics issues as a result of movement restrictions in the country due to the COVID-19 pandemic, as well as to unfavourable weather conditions. The programme carries a AA-IS...
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Thursday, May 06, 2021
MARC has affirmed its long- and short-term financial institution (FI) ratings of AA+/MARC-1 with a stable outlook on China Construction Bank (Malaysia) Berhad. CCBM continues to be very well supported by parent China Construction Bank Corporation (CCB), which carries a public information rating of AAA/stable from MARC. This rating mainly reflects CCB’s status as a majority-owned financial entity...
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Tuesday, May 04, 2021
MARC ASSIGNS AAIS/STABLE RATING TO S P SETIA’S PROPOSED RM3.0 BILLION ISLAMIC MEDIUM-TERM NOTES PROGRAMME
MARC has assigned a preliminary rating of AAIS with a stable outlook to S P Setia Berhad’s proposed RM3.0 billion Islamic Medium-Term Notes Programme. Proceeds from the proposed issuance will largely be used to fund capital injection into the group’s joint-venture Battersea Power Station project (Battersea Project) and refinance earlier borrowings undertaken to fund this project. The key ...
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Monday, May 03, 2021
MARC wishes to highlight that its ratings on MEX II Sdn Bhd’s (MEX II) RM1.3 billion Sukuk Murabahah Programme and RM150.0 million Junior Bonds have been maintained at CIS/C after the last downgrade on March 26, 2021 on heightened concerns of missing imminent profit payments. MEX II had sought an extension on the the principal and profit payment that were due on April 28, 2021 in respect of...
This article has been viewed 33 times.