Malakoff Corporation Bhd is expected to seek funding to refinance a payment under Tanjung Bin Energy Issuer Bhd’s (TBE Issuer) equity bridge loan due on Feb 28, 2017.
RAM Rating Services Bhd said on Friday there was RM1.25bil outstanding as at end-2015 which Malakoff, Southeast Asia's largest independent power producer, would have to seek funding to refinance the bullet repayment.
“Malakoff’s long-standing presence in the local power industry and its access to capital markets and external funding sources such as bank borrowings would assist it in refinancing the equity bridge loan,” it said.
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RAM Rating Services Bhd said on Friday there was RM1.25bil outstanding as at end-2015 which Malakoff, Southeast Asia's largest independent power producer, would have to seek funding to refinance the bullet repayment.
“Malakoff’s long-standing presence in the local power industry and its access to capital markets and external funding sources such as bank borrowings would assist it in refinancing the equity bridge loan,” it said.
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