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Exsim Capital fully redeems Tranche 5 IMTN ahead of maturity
Published on 03 Jun 2026.
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 outstanding RM340 mil Tranche 5 IMTN on 29 May 2026, ahead of the expected maturity date of 28 May 2027. We have as such withdrawn the AAA/Stable rating and no longer have any rating obligation in respect of the sukuk.
The Tranche 5 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. Three outstanding tranches remain under the programme to date (see here).
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