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MARC Ratings has affirmed its AAAIS rating on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Islamic Medium-Term Notes (Sukuk Wakalah) Programme. The rating outlook is stable. The rating affirmation is mainly premised on the sufficiency of the periodic payment streams from the Malaysian government in the form of availability charges (AC) to meet the financial obliga...
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MARC Ratings has affirmed its AAAIS rating on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Sukuk Wakalah Programme. The rating outlook is stable. The rating affirmation is premised on the quantum of the periodic payment streams from the Malaysian government (AAA/Stable) in the form of availability charges (AC) that is deemed sufficient to meet the financial obliga...
This article has been viewed 497 times.
MARC Ratings has affirmed its AAAIS rating on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Islamic Medium-Term Notes (Sukuk Wakalah) Programme. The rating outlook is stable.The affirmed rating is driven by the steady periodic payment streams in the form of availability charges (AC) from its sole obligor, the Malaysian government (AAA/Stable), the quantum of which is sufficient to meet the fina...
This article has been viewed 631 times.
MARC has affirmed its AAAIS rating on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Islamic Medium-Term Notes (Sukuk Wakalah) Programme. The rating outlook is stable.The affirmed rating is mainly driven by the credit strength of the payment stream from the Malaysian government in the form of availability charges (AC), the quantum of which is sufficient to meet the financial obligations under th...
This article has been viewed 662 times.
MARC has affirmed its AAAIS rating on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Islamic Medium-Term Notes (Sukuk Wakalah) Programme. The rating outlook is stable.PBSB was established as a funding vehicle for its parent Putrajaya Holdings Sdn Bhd (PJH) (AAA/Stable) to undertake the development of nine blocks of government office buildings and one block of shared facilities in Parcel F, Preci...
This article has been viewed 840 times.
MARC has affirmed its AAAIS rating with a stable outlook on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Islamic Medium-Term Notes (Sukuk Wakalah) Programme.
Wholly owned by Putrajaya Holdings Sdn Bhd (PJH), PBSB undertook the development of nine blocks of government office buildings and one block of shared facilities in Parcel F, Precinct 1 in Putrajaya under a concession agreement with...
This article has been viewed 1026 times.
MARC has affirmed its AAAIS rating with a stable outlook on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Islamic Medium-Term Notes (Sukuk Wakalah) Programme.
PBSB is developing nine blocks of government office buildings and one block of shared facilities in Parcel F, Precinct 1, Putrajaya under a 28-and-a-half-year concession agreement with the Malaysian government. The RM1.9 billion dev...
This article has been viewed 1257 times.
MARC has assigned a final rating of AAAIS with a stable outlook to Putrajaya Bina Sdn Bhd’s (PBSB) proposed Islamic Medium-Term Notes (Sukuk Wakalah) Programme of up to RM1.58 billion. MARC had earlier assigned a preliminary rating of AAAIS/stable to the proposed issuance in February 2016.
As announced earlier, PBSB, a wholly-owned subsidiary of Putrajaya Holdings Sdn Bhd (PJH), is underta...
This article has been viewed 1371 times.
MARC has assigned a preliminary rating of AAAIS with a stable outlook to Putrajaya Bina Sdn Bhd’s (PBSB) proposed Islamic Medium-Term Notes (Sukuk Wakalah) Programme of up to RM1.58 billion. Proceeds from the issuance will part fund the RM1.9 billion development costs for nine blocks of government office buildings and one block of shared facilities that PBSB will undertake under a concession fr...
This article has been viewed 1663 times.