Perdana Petroleum plans RM650mil sukuk programme

Enhanced profile: Perdana Petroleum’s stand-alone credit strength reflects its synergies with its parent Dayang coupled with time-charter contracts providing steady contributions.

PETALING JAYA: Perdana Petroleum Bhd has proposed an Islamic bond or sukuk programme to raise up to RM650mil for its operations.

The five-year sukuk murabahah programme by the oil and gas-related services company has been assigned a preliminary rating of AAA(fg)/stable by RAM Rating Services Bhd.