AA3/stable rating for GFM’s RM165mil sukuk


The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: GFM Services Bhd’s proposed RM165mil sukuk tranche, to be issued by wholly-owned funding vehicle Dynasty Harmony Sdn Bhd (DHSB), has received a preliminary AA3/stable rating from RAM Rating Services Bhd.

The 10 to 14½-year sukuk is part of a RM300mil Islamic medium-term note programme.

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