[RAM] Chellam Plantations fully redeems sukuk ahead of maturity

RAM Ratings has received confirmation that Chellam Plantations (Sabah) Sdn Bhd fully redeemed the RM150 mil 10-year tranche (2016/2026) under its RM300 mil Guaranteed Sukuk Murabahah Programme (2016/2033) on 24 June 2021, ahead of the maturity date of 24 June 2026. Accordingly, we have withdrawn the AAA(fg)/Stable rating of the sukuk and no longer have any rating obligation in respect of it.

Analytical contact
Thong Mun Wai
(603) 3385 2522

Media contact 
Padthma Subbiah
(603) 3385 2577