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MARC has affirmed its rating on the outstanding RM87.4 million Settlement Bithaman Ajil Debt Securities (Settlement BaIDs) of Talam Transform Berhad (Talam, formerly known as Trinity Corporation Berhad) at B-ID with a stable outlook. The rating incorporates Talam’s limited business prospects in property development, its sizeable financial obligations relative to earnings and its continued ...
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MARC has affirmed its ratings of B and B- on Talam Corporation Berhad's (Talam) RM356.25 million Redeemable Convertible Secured Loan Stocks (RCSLS) and RM257.40 million Redeemable Convertible Preference Shares (RCPS) respectively. The outlook on the ratings has been revised to negative from stable. MARC is also withdrawing both ratings with immediate effect at the request of the issuer and will no...
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MARC has assigned ratings of B+ID, B and B- to Talam Corporation Berhad's (Talam) RM134.21 million Settlement Bithaman Ajil Islamic Debt Securities (Settlement BaIDS), RM356.25 million Redeemable Convertible Secured Loan Stocks (RCSLS) and RM257.40 million Redeemable Convertible Preference Shares (RCPS), respectively. The Settlement BaIDS, RCSLS and RCPS will be issued in connection with Talam's f...
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MARC has received confirmation from the facility agent that Talam’s RM150.0 Million 7-Year Secured Bonds with 107.6 Million of Detachable Warrants has been fully redeemed. As such, MARC no longer has any rating obligation on the Facility and the assinged A rating is hereby withdrawn....
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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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MARC has reaffirmed the rating of Talam Corporation Berhad’s (Talam) RM150 million principal amount of 7-year 5.0% secured bonds with 107.6 million detachable warrants (2000/2007) at A (A flat). The rating 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; and the impro...
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Malaysian Rating Corporation Berhad (MARC) has reaffirmed the long-term corporate debt rating of A (A flat) of Talam Corporation Berhad (Talam) RM150 million principal amount of 7-year 5.0% secured bonds with 107.6 million detachable warrants (2000/2007). The reaffirmation of the rating reflects the strength of the issue structure that is secured by a property development project, the Saujana ...
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Malaysian Rating Corporation Berhad (MARC) has affirmed Talam Corporation Berhad’s (Talam) RM150 million secured bonds rating at A (single A flat). The affirmation of the rating reflects the strength of the issue structure that is secured by a property development project, the Saujana Puchong Project, which forms the primary source of repayment of the bonds issue. In addition, the favourable p...
This article has been viewed 1181 times.
Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of A (single A flat) to Talam Corporation Berhad’s (Talam) RM150 million principal amount of 7-year 5.0% secured serial bonds with 107.6 million detachable warrants. The rating reflects the strength of the issue structure that is secured by a property development project, the Saujana Puchong Project, which will form the...
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