The US$200mil (RM845.8mil) sukuk issuance by SapuraKencana Petroleum Bhd (SapKen) was taken up by a single local institutional fund on the belief that the oil and gas service provider will be able to pull through the current challenging environment, sources said.
The buyer was also attracted to the 4.85% yield the 7-year sukuk issuance offered, the sources added.
According to RAM Ratings, the 7-year bonds with a yield of 4.86% would have an AA3 rating.
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The buyer was also attracted to the 4.85% yield the 7-year sukuk issuance offered, the sources added.
According to RAM Ratings, the 7-year bonds with a yield of 4.86% would have an AA3 rating.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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