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Chellam Plantations fully redeems sukuk ahead of maturity

Published on 25 Jun 2021.

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RAM Ratings has received confirmation that Chellam Plantations (Sabah) Sdn Bhd fully redeemed the RM150 mil 10-year tranche (2016/2026) under its RM300 mil Guaranteed Sukuk Murabahah Programme (2016/2033) on 24 June 2021, ahead of the maturity date of 24 June 2026. Accordingly, we have withdrawn the AAA(fg)/Stable rating of the sukuk and no longer have any rating obligation in respect of it.

 

Analytical contact
Thong Mun Wai
(603) 3385 2522
munwai@ram.com.my

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

 

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Published by RAM Rating Services Berhad
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