MARC Ratings has withdrawn its AAAIS rating on Putrajaya Holdings Sdn Bhd’s (PJH) RM1.5 billion Sukuk Musharakah Medium-Term Notes (MTN) Programme. The rating withdrawal follows the full redemption of the outstanding RM230.0 million on 11 April 2025 and subsequent cancellation of the programme, as confirmed by the facility agent.
MARC Ratings will continue to provide analytical coverage on PJH’s other sukuk programmes as follows:
- RM1.0 billion 20-year Sukuk Wakalah Programme (due 2041) at AAAIS
- RM370.0 million Sukuk Musharakah Programme (due 2030) at AAAIS; and
- RM3.0 billion Sukuk Musharakah Programme (due 2032) at AAAIS.