Officials familiar with the deal said that the management might not be keen to issue the perpetual debt paper if there was any downgrade on Sime Darby
PETALING JAYA: Sime Darby Bhd
has proposed an RM3bil perpetual bond issue to improve its liquidity position and meet upcoming debt obligations. But the success of the bond issuance will depend on the corporate rating of the group as a whole.
Officials familiar with the deal said that the management might not be keen to issue the perpetual debt paper if there was any downgrade on Sime Darby’s standalone corporate rating that currently is at AAA – the highest grade.
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