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The rating upgrade is premised on the significant increase in Top Glove’s revenue and cash flow on the back of recording unprecedented sales of gloves resulting from the COVID-19 pandemic. MARC also affirmed its rating of AA-IS(CG) on special purpose vehicle TG Excellence Bhd’s RM3bil perpetual Sukuk Wakalah programme. Top Glove, which owns 100% of TG Excellence, has provided a subordinated unconditional and irrevocable corporate guarantee on the perpetual sukuk. The ratings outlook is stable. MARC also affirmed Top Glove's rating of AA-IS(CG) on special purpose vehicle TG Excellence Bhd's RM3 billion Perpetual Sukuk Wakalah Programme, it said.

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Senior Sukuk Wakalah and/or Subordinated Sukuk Wakalah Programme . RM2,000.00. TG Excellence Berhad. Perpetual Sukuk Programme. Up to RM3,000.00.

MARC has assigned a final rating of AA-IS to TG Excellence Berhad’s proposed RM3.0 billion Perpetual Sukuk Wakalah Programme. TG Excellence Berhad is a special purpose wholly-owned subsidiary of Top Glove Corporation Bhd (Top Glove) to which MARC has concurrently assigned a corporate credit rating of AA. MARC has assigned a final rating of AA-IS to TG Excellence Berhad’s proposed RM3.0 billion Perpetual Sukuk Wakalah Programme.

TG Excellence Berhad. Latest Quotes as of 01 Apr 2021.

Tg excellence sukuk wakalah

Senior Sukuk Wakalah and/or Subordinated Sukuk Wakalah Programme . RM2,000.00. TG Excellence Berhad. Perpetual Sukuk Programme. Up to RM3,000.00.

Tg excellence sukuk wakalah

367,817. 351,307. 1.69. 27.02.2025 TG Excellence. Berhad. AA. 10 Feb 2021 MARC also affirmed Top Glove's rating of AA-IS(CG) on special purpose vehicle TG Excellence Bhd's RM3 billion Perpetual Sukuk Wakalah  TG EXCELLENCE SUKUK WAKALAH (TRANCHE 1) Issuer Name: TG EXCELLENCE BERHAD. Calculator.
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Tg excellence sukuk wakalah

Up to RM3,000.00. Rating action MARC has upgraded Top Glove Corporation Berhad’s (Top Glove) corporate credit rating to AA+ from AA and concurrently affirmed its rating of AA-IS(CG) on special purpose vehicle TG Excellence Berhad’s RM3.0 billion Perpetual Sukuk Wakalah Programme. KUALA LUMPUR: Top Glove Corp Bhd is issuing perpetual sukuk to raise RM3 billion to refinance its existing borrowings and for working capital purposes.

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MARC has assigned a final rating of AA-IS to TG Excellence Berhad’s proposed RM3.0 billion Perpetual Sukuk Wakalah Programme.