Press Releases - Category: Plantations
Displaying 1-10 of 129 results.
Wednesday, Mar 24, 2021
MARC has assigned a "Gold" Sustainability Sukuk Assessment to Agroto Business (M) Sdn Bhd's (Agroto) ASEAN Sustainability Sustainable and Responsible Investment (SRI) Sukuk Programme Framework (Framework). The assessment is driven by our expectation that the net proceeds of the sukuk to be issued will be directed towards qualifying capital expenditures on the issuer's sustainable and modern integr...

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Tuesday, Oct 20, 2020
MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA with a stable outlook. Concurrently, the rating agency has affirmed its AAIS/Stable rating on SD Plantation’s Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion.SD Plantation’s sizeable, geographically-diversified and integrated palm oil operations remain key rati...

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Wednesday, Jul 22, 2020
MARC has affirmed TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium Term Notes (IMTN) programme rating at A+IS and concurrently upgraded its RM50 million Sukuk Murabahah Commercial Papers (ICP) programme rating to MARC-1IS from MARC-2IS. The rating agency has also affirmed TSH Sukuk Ijarah Sdn Bhd’s RM300 million IMTN programme rating at A+IS. The ratings outlook is stable. TSH Sukuk Mur...

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Monday, Dec 16, 2019
MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA, and its Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion at AAIS. The ratings outlook is stable. The affirmed corporate credit rating is driven by SD Plantation’s strong cash flow generating ability from its sizea...

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Thursday, Nov 21, 2019
MARC has assigned a “Gold” Sustainability Bond Assessment to Agroto Business (M) Sdn Bhd’s (Agroto) proposed ASEAN Sustainability Bond Programme of up to RM300.0 million.The proceeds of the bonds issued under the proposed bond programme will be used to refinance and finance capital expenditures on the issuer’s sustainable and modern integrated farming operations (“the project’). A key ...

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Wednesday, Jun 19, 2019
MARC has lowered TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM300.0 million Sukuk Ijarah Medium-Term Notes (Sukuk Ijarah IMTN) programme rating of AA-IS to A+IS. The rating outlook is stable. TSH Ijarah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH). The other funding vehicle is TSH Sukuk Murabahah Sdn Bhd (TSH Murabahah), which has RM50.0 mill...

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Wednesday, Jun 19, 2019
MARC has lowered TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Sukuk Murabahah Commercial Papers (Sukuk Murabahah ICP) rating of MARC-1IS to MARC-2IS and RM150.0 million Sukuk Murabahah Medium-Term Notes (Sukuk Murabahah IMTN) programme rating of AA-IS to A+IS. The outlook is stable. TSH Murabahah is one of two special purpose funding vehicles set up by its parent, TSH Resou...

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Wednesday, Nov 28, 2018
MARC has affirmed its rating of AA-IS on TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM300.0 million Sukuk Ijarah Medium-Term Notes (Sukuk IMTN) programme. TSH Ijarah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), a predominantly upstream crude palm oil (CPO) producer with majority of its oil palm plantations located in Kalimantan, Indonesia. ...

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Wednesday, Nov 28, 2018
MARC has affirmed its ratings of MARC-1IS/AA-IS on TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Sukuk Murabahah Commercial Papers (ICP) and RM150.0 million Sukuk Murabahah Medium-Term Notes (IMTN) programme with a stable outlook. TSH Murabahah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), to fund TSH’s crude palm oil (CPO) ope...

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Friday, Sep 14, 2018
MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA, and accordingly affirmed its Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion at AAIS. The ratings outlook is stable. SD Plantation benefits from a one-notch rating uplift for implicit support from major shareholder Permodalan Nasional Berhad (PNB), a government-linked...

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