Press Releases - Category: Property
Displaying 481-490 of 562 results.
Thursday, Jul 08, 2004
The reaffirmation of Talam Corporation Berhad’s (Talam) rating at A reflects its strong underlying issue structure, in which assignment of sale proceeds from the Saujana Puchong development project forms the source of repayment of the bond issue; the group’s strengthened capital structure; the improving financial profile of the group and its competitive position as one of the largest developer...

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Tuesday, Jun 15, 2004
MARC has received confirmation from Kenanga Wangsa Sdn Bhd that its RM128 million Al-Bai Bithaman Ajil Islamic Debt Securities has been fully redeemed and it has arranged for the discharge of all securities related to the facility. As such, MARC no longer has any rating obligation on the facility and the A-ID rating is hereby withdrawn....

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Tuesday, May 25, 2004
The upgrade of Sunrise Berhad’s (Sunrise) long-term rating of AID to A+ID reflects the company’s position as an established and successful condominium developer, evident from its signature development in Mont’Kiara (MK); strong financial position coupled with promising cash flow generation capacity, going forward. The short term rating has been maintained at MARC-2ID. Sunrise’s rating upgr...

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Friday, May 07, 2004
MARC has upgraded the rating of MK Land Holdings Berhad’s (MK Land) RM150 Million Nominal Value of 3,5 and 7 year bonds with 142.1 million warrants (2001-2008) – Tranche 1 and RM150 Million Nominal Value of 3,5 and 7 year bonds with 142.1 million warrants (2002-2009) – Tranche 2; from A to A+. This is based upon the company’s excellent business position, its strong financial position and ...

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Wednesday, Apr 07, 2004
MARC has received confirmation from the Lead Arranger and Trustee that a portion of Europlus Corporation Sdn Bhd’s RM350 million Murabahah Underwritten Notes Issuance Facility (MUNIF) amounting to RM37.0 million has been fully redeemed on 22 March 2004. Hence, effective 22 March 2004, the facility limit has been reduced to RM233.0 million, taking into consideration the abovementioned redemption ...

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Tuesday, Apr 06, 2004
MARC has assigned a rating of AID (A flat, Islamic debt) and A-ID (A minus, Islamic debt) to OSK Property Holdings Berhad (OSKP)’s Class A and B Serial Bai-Bithaman Ajil Islamic bonds (BaIDS) respectively. The A-ID rating assigned to Class B BaIDS reflects OSKP’s favourable flagship development – Bandar Puteri Jaya (BPJ) located in Sungai Petani, Kedah and its strong presence in that area; t...

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Monday, Apr 05, 2004
MARC has received confirmation from the Facility Agent that KLSSB’s Tranche 1 BaIDS of RM91 million has been fully redeemed. As such, the A-ID rating is hereby withdrawn. In the meantime, the ratings for Tranches 2A, 2B, 3, 4A & 4B BaIDS totalling RM800 million remain unchanged at AID(s), reflecting the support provided by Bank Pembangunan & Infrastruktur Malaysia Berhad by way of a standby rev...

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Tuesday, Mar 30, 2004
MARC has assigned a long term rating of AAAID to Putrajaya Holdings Sdn Bhd’s (PJH) proposed RM1,500 million Murabahah Notes Issuance Facility comprising Medium Term Notes. The Islamic debt rating reflects PJH’s issuer rating, based upon its solid capitalization supported by a superior set of shareholders, exceptional financial flexibility and importance of the company in the development of Pu...

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Thursday, Mar 25, 2004
MARC has reaffirmed the rating of Europlus Corporation Sdn Bhd’s (ECSB) RM350 million Murabahah Underwritten Notes Issuance Facility (MUNIF) at MARC-3ID. The reaffirmation reflects the substantial locked-in sales from developments secured under the MUNIF which essentially acts to mitigate market risk. The rating is, however, moderated by delays in construction work and ultimately progress billi...

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Wednesday, Mar 24, 2004
In February 2004, MARC had placed the rating of KLSSB’s Tranche 1 BaIDS of RM91 million (original limit: RM120 million) of A-ID on MARCWatch with developing implications, reflecting MARC’s concerns over KLSSB’s ability to collect the remaining billings of RM125 million from Promising Quality Sdn Bhd (PQSB) for Lot G at KL Sentral, which would be the main source of repayment for the Tranche 1...

This article has been viewed 908 times.