Monday, July 2, 2012

SESCO fully redeems RM605 million BaIDS




Published on 02 July 2012

RAM Ratings has received confirmation from CIMB Investment Bank Berhad that Syarikat SESCO Berhad fully redeemed its RM605 million Al-Bai Bithaman Ajil Islamic Debt Securities (2001/2012) on the scheduled maturity date of 29 June 2012. As a result, we no longer have any rating obligations on the said facility, which had previously carried an AA1/-/Stable rating.

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Lawrence Leong
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