Bank Rakyat entity to issue up to RM9b Sukuk, says RAM Ratings

KUALA LUMPUR: Bank Kerjasama Rakyat Malaysia Bhd’s  (Bank Rakyat) trust-owned entity Imtiaz Sukuk II Bhd had proposed to issue up to RM9bil of Sukuk, says RAM Rating Services Bhd.

The ratings agency said on Monday it had assigned respective final ratings of AA2(s) and P1(s) to the proposed Islamic medium-term notes (IMTN) programme and Islamic commercial paper (ICP) Programme of up to RM9bil in nominal value.