"In southeast Europe, Ukraine, Hungary and Slovenia, fairly high non-performing loan stocks
and double-digit ratios in the range of 15 per cent to 25 per cent seem to become more and more a burden for the banking sectors and the economic recovery," Raiffeisen analyst Gunter Deuber said in the study.
Incorporated for the purpose of facilitating Malakoff Group's corporate restructuring, MPower will acquire the power plant operation and maintenance (O&M) business of Malakoff and loan stocks
in four independent power producers (IPPs) in which Malakoff has ownership interests ranging from 75 per cent to 100 per cent for MYR 4.17 billion.
25 July 2011 -- Malaysian rating service MARC on Friday gave its A- rating with a "stable" outlook to integrated aluminum producer Press Metal Berhad's (KUL:PMETAL) MYR323.7m (EUR108.9m/EUR75.9m) Redeemable Convertible Secured Loan Stocks
(RCSLS) with 147.2m detachable warrants.
According to the central bank, tight lending conditions to corporate entities would prevail in the next two quarters, while household loan stocks
could deteriorate further.
Companies raise their long-term finance through the issue of shares and loan stocks
to members of the public and to institutional investors.
A UNLIKE ordinary Personal Equity Plans, which invest in shares, Corporate Bond PEPs invest in loan stocks
issued by companies as an alternative means of raising money.
The plan entails a refinancing and full redemption of the Senior Sukuk via a MYR 400 million Syndicated Term Loan (STL) and MYR 263 million of Redeemable Convertible Unsecured Loan Stocks
. We understand that the term sheet for the STL has been finalised, with the entire exercise targeted for completion by end-February 2013.
BANKING AND CREDIT NEWS-April 5, 2011--RAM Ratings rates SYF Resources loan stocks
at BB2(C)2011 M2 COMMUNICATIONS http://www.m2.com
22 December 2010 - MARC today kept its B rating on DutaLand Berhad's (KUL:DUTALND) outstanding MYR26.3m (USD8.4m/EUR6.4m) Redeemable Unsecured Loan Stocks
(RULS) while upgrading its rating outlook to "stable" from "negative".
22 December 2010 - MARC today maintained its BB- rating with "negative" outlook on Olympia Industries Berhad's (KUL:OLYMPIA) outstanding MYR73m (USD23m/EUR18m) nominal value Redeemable Unsecured Loan Stocks
BANKING AND CREDIT NEWS-December 7, 2010--MARC affirms Talam's loan stocks
rating, dims outlook(C)2010 M2 COMMUNICATIONS http://www.m2.com
BANKING AND CREDIT NEWS-December 6, 2010--RAM Ratings changes outlook of South Malaysia Industries' loan stocks
to "stable"(C)2010 M2 COMMUNICATIONS http://www.m2.com