PETALING JAYA: Ideal Water Resources Sdn Bhd (IWR), a wholly-owned subsidiary of Puncak Niaga Holdings Bhd
has completed the issuance of the second tranche sukuk murabahah of RM255mil in nominal value under the Sukuk Murabahah Programme.
The second tranche sukuk murabahah, secured by cashflows arising from the Z1P 2 concession, has been assigned a final AA2/stable credit rating by RAM Rating Services Bhd and carries a tenure of up to nine years from the issue date with profit rates ranging from 4.10% to 4.92% per annum.
