MARC WITHDRAWS ITS AA-ID RATING ON BAYU PADU SDN BHD’S RM500 MILLION ISTISNA’ SERIAL BONDS

Jan 9, 2014 -

MARC has withdrawn its AA-ID rating on Bayu Padu Sdn Bhd’s (Bayu Padu) RM500 million Istisna’ Serial Bonds (Istisna’ Serial Bonds). The withdrawal follows the early redemption of all outstanding amounts under the Istisna’ Serial Bonds on December 31, 2013. Bayu Padu is a special purpose funding entity of SapuraKencana Petroleum Berhad.

Upon the withdrawal of the rating, MARC will cease all analytical coverage on Bayu Padu.

Contacts:

Sharidan Salleh, +603-2082 2254/ sharidan@marc.com.my;

Se Tho Mun Yi, +603-2082 2263/ munyi@marc.com.my.