KUALA LUMPUR: Shah Alam Expressway (SAE) concessionaire Kesas Sdn Bhd has proposed to undertake a RM735 million Islamic medium term notes (Sukuk).RAM Rating Services had on Tuesday assigned a preliminary AA2/Stable rating to to the proposed Sukuk.
Concurrently, the AA3/Stable rating of its RM800mil Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) has been reaffirmed.
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