KUALA LUMPUR: Westports Holdings Bhd’s (WHB) wholly-owned subsidiary Westports Malaysia Sdn Bhd (WMSB) is proposing to appoint RAM Rating Services Bhd for its RM2bil sukuk musharakah programme.
In a filing with Bursa Malaysia, WHB said WMSB will be seeking the sukukholders’ approval during its general meeting, to be held virtually on March 1.
“RAM Ratings has assigned a long-term AAA/stable rating to WSMB for its sukuk musharakah programme.
“WMSB is of the view that, subject to the prevailing future capital market conditions and demand for the sukuk’s issuance, a continuous AAA/stable rating should generate future cumulative interest savings, ” WHB said.
It added that the company will make further announcement on the outcome of general meeting. — Bernama