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MARC has withdrawn its ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s RM50.0 million Islamic Commercial Papers (ICP) and RM400.0 million Islamic Medium-Term Notes (IMTN) respectively. The ratings withdrawal follows the full redemption and cancellation of the programmes as confirmed by the facility agent.
Upon the withdrawal of the ratings, MARC will no longer be providing analyt...
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MARC has affirmed the ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s (Pinnacle Tower) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium-Term Notes (IMTN) respectively with a stable outlook.
The affirmed ratings and stable outlook are premised on the outstanding principal and profit payments totalling RM92.5 million under the ICP/IMTN programmes being ...
This article has been viewed 1368 times.
MARC has kept unchanged its MARC-1IS and AAAIS ratings on Pinnacle Tower Sdn Bhd's RM50 million Islamic Commercial Paper (ICP) and RM400 million Islamic Medium-Term Notes (IMTN) Programmes respectively after concluding its review which was initiated on May 22, 2015. The rating outlook is stable.
MARC had earlier placed the ratings under review in light of the impending dilution of the State ...
This article has been viewed 1363 times.
MARC has placed Pinnacle Tower Sdn Bhd’s RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium-Term Notes (IMTN) of MARC-1IS and AAAIS ratings under review to evaluate the impact of a proposed 50.0% equity divestment by the State Financial Secretary of Sarawak (SFS) in Sacofa Sdn Bhd (Sacofa). Pinnacle Tower is a wholly-owned special purpose funding vehicle for Sacof...
This article has been viewed 1474 times.
MARC has affirmed the ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s (Pinnacle Tower) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN) respectively with a stable outlook. Wholly-owned by Sacofa Sdn Bhd (Sacofa), Pinnacle Tower is a special purpose funding vehicle for its parent company which is involved in telecommunication infrastru...
This article has been viewed 1825 times.
MARC has affirmed its ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s (Pinnacle Tower) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN) respectively with a stable outlook. The rating action affects RM225 million of outstanding notes issued under the programme.Pinnacle Tower is a wholly-owned special purpose funding vehicle of Sacofa Sd...
This article has been viewed 2048 times.
MARC has affirmed its ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s (Pinnacle Tower) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN) respectively with a stable outlook. The rating action affects RM285 million of outstanding notes issued under the programme.Pinnacle Tower is a wholly-owned special purpose funding vehicle of Sacofa Sd...
This article has been viewed 1496 times.
MARC has affirmed its ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s (PTSB) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN) respectively. The outlook on the ratings is stable. The rating action affects RM335 million of outstanding notes issued under the programme.The affirmed ratings reflect the secure revenue stream backing the note...
This article has been viewed 1317 times.
MARC has affirmed the ratings of MARC-1IS and AAAIS to Pinnacle Tower Sdn Bhd’s (PTSB) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN), respectively. The outlook on the ratings is stable. The ratings are underpinned by the stable rental payments from the telecommunication companies (telcos) to parent company, Sacofa Sdn Bhd (Sacofa) which are t...
This article has been viewed 1372 times.
MARC has assigned ratings of AAAIS and MARC-1IS to Pinnacle Tower Sdn Bhd’s (PTSB) RM400.0 million Islamic Medium-Term Notes (IMTN) and RM50.0 million Islamic Commercial Papers (ICP) (Islamic Securities), respectively. The ratings carry a stable outlook. PTSB, wholly-owned by Sarawak-based Sacofa Sdn Bhd (Sacofa), was incorporated for the sole purpose of raising financing via the issuance of...
This article has been viewed 1279 times.