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MARC assigns AAAIS rating to Putrajaya Holdings' proposed RM1b sukuk
24 Mar 2021 | Wednesday Source: The Edge Markets
Malaysian Rating Corp Bhd (MARC) has assigned a rating of AAAIS with a stable outlook to Putrajaya Holdings Sdn Bhd's (PJH) proposed 20-year RM1 billion sukuk wakalah programme.
In an announcement on its website yesterday, MARC said proceeds from the new programme will be used for the construction of PJH's commercial and residential projects in Precincts 7 and 8 in Putrajaya.
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