Aye for Sime’s US$1.5b sukuk

Sime Darby Bhd has been approved by the Securities Commission for its proposed US$1.5bil multi-currency sukuk issuance programme. The programme is seen as a significant landmark since it is first internationally rated multi-currency syariah-compliant sukuk programme by an Asian corporate. The ratings of Sime are A, A and A3 by Standard & Poor's Rating Services, Fitch Ratings Ltd and Moody's Investor Service, Inc.

You may also like...