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Al-‘Aqar Capital fully redeems RM575 million Issue 2 Sukuk Ijarah

Published on 05 May 2021.

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RAM Ratings has received confirmation that Al-‘Aqar Capital Sdn Bhd fully redeemed its RM575 million Issue 2 Sukuk Ijarah under the RM1 billion IMTN Programme, on the expected maturity date of 4 May 2021. As such, we have withdrawn the respective AAA/Stable and AA2/Stable ratings of the RM295 mil Class A and RM60 mil Class B Issue 2 Sukuk Ijarah and no longer have any rating obligation with respect to the facility. The RM220 mil Class C notes are unrated.

Al-‘Aqar Capital is a wholly owned funding conduit of Al-‘Aqar Healthcare REIT, specifically incorporated to raise funds by issuing Islamic securities via commercial real estate-backed transactions.

 

Analytical contact
Karin Koh, CFA
(603) 3385 2508
karin@ram.com.my

Media contact
Padthma Subbiah
(603) 3385 2577
padthma@ram.com.my

 

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