Lafarge Cement’s RM500mil sukuk rated AA2

Lafarge is to supply concrete for the proposed Refinery and Petrochemicals Integrated Development (Rapid) project and other Petronas-related projects at Pengerang, Johor under Package 21D.

PETALING JAYA: Lafarge Malaysia Bhd unit’s proposed Sukuk Wakalah programme of up to RM500mil has been assigned AA2/Stable/P1 ratings by RAM Rating Services Bhd.

The programme to be issued by Lafarge Cement Sdn Bhd (LCSB) comprises of the Islamic medium term notes (IMTN) and commercial papers (2017/2024).