Prasarana fully redeems RM1 billion bonds

Published on 11 September 2012

Following the full redemption of Syarikat Prasarana Negara Berhad’s (“Prasarana”) RM1 billion Nominal Value Redeemable Guaranteed Coupon-Bearing Bonds (2002/2022) (“the Bonds”) on 6 September 2012 and the subsequent cancellation of the facility on the same date, RAM Ratings has withdrawn the AAA/P1 ratings of the said instrument and no longer has any rating obligation on the Bonds.

We will, however, continue to maintain surveillance on the outstanding RM1.914 billion Tranche 4 bonds under Prasarana’s RM5.468 billion Nominal Value Redeemable Guaranteed Serial Fixed-Rate Bonds (2003/2016); the AAA/P1 ratings on this facility were reaffirmed by RAM Ratings on 7 May 2012.

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Woon Tien Ern

(603) 7628 1040

tienern@ram.com.my