Press Releases - Category: Property
Displaying 1-8 of 8 results.
Monday, Aug 07, 2023
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...

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Thursday, Aug 11, 2022
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 346 times.
Tuesday, Sep 21, 2021
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 424 times.
Wednesday, Jul 01, 2020
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 609 times.
Thursday, Nov 21, 2019
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...

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Wednesday, Oct 10, 2018
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...

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Thursday, Aug 03, 2017
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 1115 times.
Friday, Feb 26, 2016
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 1378 times.