Press Releases
Displaying 1-10 of 11 results.
Friday, Dec 15, 2023
MARC Ratings has affirmed its AA-IS rating on Tanjung Bin O&M Berhad’s outstanding RM165.0 million Sukuk Wakalah with a stable outlook.The rating reflects the credit strength of Tanjung Bin O&M’s parent, Malakoff Power Berhad (MPower) (AA-IS /Stable), which has provided an unconditional and irrevocable undertaking to top up any shortfall in the finance service reserve account for the S...

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Monday, Nov 07, 2022
MARC Ratings has affirmed its AA-IS rating on Tanjung Bin O&M Berhad's outstanding RM180 million Sukuk Wakalah with a stable outlook.The rating affirmation reflects the credit strength of Tanjung Bin O&M's parent, Malakoff Power Berhad (MPower) (AA-/stable), which has provided an unconditional and irrevocable undertaking to top up any shortfall in the finance service reserve account (FSRA)...

This article has been viewed 282 times.
Friday, Nov 26, 2021
MARC has affirmed its AA-IS rating on Tanjung Bin O&M Berhad’s outstanding RM235 million Sukuk Wakalah with a stable outlook. The rating affirmation reflects the credit strength of Tanjung Bin O&M’s parent, Malakoff Power Berhad (MPower), which has provided an unconditional and irrevocable undertaking to top up any shortfall in the finance service reserve account (FSRA) for the Su...

This article has been viewed 425 times.
Thursday, Dec 10, 2020
MARC has affirmed its AA-IS rating on Tanjung Bin O&M Berhad’s (Tanjung Bin O&M) RM470.0 million Islamic Securities (Sukuk Wakalah) with a stable outlook.The rating reflects the credit strength of the issuer’s parent, Malakoff Power Berhad (MPower), which has provided an unconditional and irrevocable undertaking to top up any cash shortfall in the finance service reserve account (FSRA)...

This article has been viewed 525 times.
Tuesday, Dec 17, 2019
MARC has affirmed its AA-IS rating on Tanjung Bin O&M Berhad’s RM470.0 million Islamic Securities (Sukuk Wakalah) with a stable outlook.  The rating reflects the credit strength of the issuer’s parent, Malakoff Power Berhad (MPower), which has provided an unconditional and irrevocable undertaking in the form of cash deficiency support to top up any shortfall in the finance ser...

This article has been viewed 735 times.
Tuesday, Dec 11, 2018
MARC has affirmed its AA-IS rating on Tanjung Bin O&M Berhad’s RM470.0 million Islamic Securities (Sukuk Wakalah) with a stable outlook. Tanjung Bin O&M, a wholly-owned subsidiary of Malakoff Power Berhad (MPower), provides operations and maintenance (O&M) services to a 2,100-MW coal-fired power plant under an O&M agreement (OMA) with sister company Tanjung Bin Power Sdn Bhd (TBP). The pow...

This article has been viewed 923 times.
Tuesday, Sep 26, 2017
MARC has affirmed its rating of AA-IS on Tanjung Bin O&M Berhad’s (Tanjung Bin O&M) RM470.0 million Islamic Securities (Sukuk Wakalah) with a stable outlook. The rating reflects the credit strength of parent company Malakoff Power Berhad (MPower) which has provided unconditional and irrevocable undertaking in the form of cash deficiency support to top up any shortfall in the finance servic...

This article has been viewed 1035 times.
Monday, Aug 01, 2016
MARC has affirmed its AA-IS rating on Tanjung Bin O&M Berhad’s (Tanjung Bin O&M) RM470.0 million Islamic Securities (Sukuk Wakalah) with a stable outlook. Tanjung Bin O&M is the operations and maintenance (O&M) provider of the 2,100-megawatt (MW) coal-fired power plant owned by related company Tanjung Bin Power Sdn Bhd (TBP) under the O&M agreement (OMA). Tanjung Bin O&M has transferred key ope...

This article has been viewed 910 times.
Wednesday, Jun 10, 2015
MARC has affirmed its AA-IS rating on Tanjung Bin O&M Berhad’s (Tanjung Bin O&M) RM470.0 million Islamic Securities (Sukuk Wakalah) with a stable outlook. Tanjung Bin O&M is the main operator of the 2,100-megawatt (MW) coal-fired power plant owned by related entity Tanjung Bin Power Sdn Bhd (TBP). The issuer’s key operational obligations under the O&M agreement (OMA) with TBP have been transf...

This article has been viewed 1125 times.
Wednesday, Jun 11, 2014
MARC has affirmed its rating of AA-IS on Tanjung Bin O&M Berhad’s (Tanjung Bin O&M) RM470.0 million Islamic Securities (Sukuk Wakalah) with a stable outlook. The affirmed rating essentially reflects the reliance on the future cash flows from the operations and maintenance (O&M) services for the 2,100-megawatt (MW) coal-fired power plant owned by related entity Tanjung Bin Power S...

This article has been viewed 1433 times.