Press Releases
Displaying 11-15 of 15 results.
Wednesday, Aug 27, 2014
MARC has withdrawn its MARC-1IS rating on Malakoff Power Berhad's (MPower) RM300 million Islamic commercial papers (ICP) programme. The rating withdrawal follows the cancellation of the ICP programme following the full redemption of all outstanding notes under the programme on April 18, 2014 as confirmed by the facility agent on August 25, 2014.Going forward, MARC’s rating surveillance on MP...

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Friday, Dec 20, 2013
MARC has withdrawn its AA-IS  rating on Malakoff Power Berhad's (MPower) RM5.6 billion Murabahah Securities Facility upon full early redemption. The outstanding obligations under the Murabahah Securities Facility were fully refinanced with a new issuance of RM5.38 billion Sukuk Murabahah on December 17, 2013.Going forward, MARC’s rating surveillance on MPower will be limited to the Suku...

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Wednesday, Dec 04, 2013
MARC has assigned a final rating of AA-IS with a stable outlook to Malakoff Power Berhad’s (MPower) Sukuk Murabahah of up to RM5.4 billion. Upon review of the final documentation of the forthcoming issuance, MARC is satisfied that the terms and conditions of the Sukuk Murabahah have not changed in any material way from the draft documents on which the earlier preliminary rating of AA-IS was ...

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Friday, Nov 22, 2013
MARC has assigned a preliminary rating of AA-IS to Malakoff Power Berhad’s (MPower) proposed issuance of Sukuk Murabahah of up to RM5.4 billion. Concurrently, MARC has affirmed its short-term rating of MARC-1IS on MPower’s outstanding RM200 million Islamic commercial papers (ICP) due in April 2014 issued under its RM300.0 million ICP Programme. The ratings outlook is stable. Proceeds f...

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Friday, Jan 11, 2013
MARC has assigned long-term and short-term programme ratings of AA-IS and MARC-1IS respectively to Malakoff Power Bhd’s (MPower) RM5.6 billion Murabahah Securities Facility and RM300.0 million Islamic Commercial Paper (ICP) Programme (collectively referred as Sukuk Murabahah Facility). The outlook on the ratings is stable.MPower is a wholly-owned subsidiary of Malakoff Corporation Berhad (Ma...

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