• PRESS RELEASES

Eternal Icon fully redeemed outstanding Senior Class MTNs via refinancing

Published on 01 Aug 2023.

Share Tweet Email

RAM Ratings has received confirmation that Eternal Icon Sdn Bhd fully redeemed outstanding RM86 mil of Senior Class Medium Term Notes (MTNs) under the first issuance of its RM400 mil MTN Programme on 28 July 2023. The redemption was made through the successful issuance of ASEAN Green MTNs under the MTN Programme (click here for more information). Accordingly, we have withdrawn the AAA/Stable rating of the first issuance and no longer have any rating obligation in respect of it. The first issuance was last rated on 29 March 2023 (click here).

 

Analytical contacts
Liew Kar Ling
(603) 3385 2586
karling@ram.com.my

Lim Chern Yit
(603) 3385 2528
chernyit@ram.com.my

 

The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security’s market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations.

RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings’ credit opinions or other analytical processes. In all instances, RAM Ratings is committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications.

Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.

Published by RAM Rating Services Berhad
© Copyright 2023 by RAM Rating Services Berhad



Ratings on Eternal Icon Sdn Bhd

Loading...