[RAM] Al Dzahab Assets fully redeems Tranche 5 Sukuk

RAM Ratings has received confirmation that Al Dzahab Assets Berhad fully redeemed its outstanding Tranche 5 RM50.0 mil Class A and RM45.0 mil Class B Sukuk Murabahah on 14 March 2025. Class B was redeemed on the expected maturity date and ahead of the legal maturity date of 15 September 2026. We have accordingly withdrawn the AAA/Stable ratings of Classes A and B and no longer have any rating obligation in respect of the said sukuk. The ratings were last published on 14 May 2024 (click here).

Tranche 5 was the last remaining outstanding tranche under Al Dzahab’s RM900 mil Sukuk Murabahah Asset-Backed Securitisation Programme. The transaction involves the securitisation of personal financing facilities extended to civil servants, originated through the business partners of RCE Marketing Sdn Bhd, a wholly owned subsidiary of RCE Capital Berhad.

 

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