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Exsim Capital fully redeems Tranche 3 IMTN on expected maturity date
Published on 09 Sep 2025.
RAM Ratings has received confirmation that Exsim Capital Resources Berhad (Exsim Capital, a special-purpose vehicle wholly owned by Exsim Development Sdn Bhd) had fully redeemed its RM300 mil Tranche 3 IMTN on the expected maturity date of 4 September 2025. We have as such withdrawn the AAA rating of the Tranche 3 IMTN and no longer have any rating obligation in respect of the facility.
The Tranche 3 IMTN was issued under Exsim Capital’s RM2 bil Sukuk Musharakah Programme, established to monetise progress billings originated from identified development projects of Exsim Development or its subsidiaries. Four outstanding tranches remain under the programme to date (see here).
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sakinah@ram.com.my
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