Top Glove, which is the world's largest glove maker, will provide a subordinated unconditional and irrevocable corporate guarantee on the perpetual sukuk.
KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has assigned a rating of AA-IS to Top Glove Corporation Bhd
unit TG Excellence Bhd’s proposed RM3bil perpetual sukuk wakalah programme.
The rating agency said on Thursday that TG Excellence is a special purpose unit to which MARC has concurrently assigned a corporate credit rating of AA. The ratings carry a stable outlook.
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