RAM Assigns Final Ratings to Dialog Group’s Senior Islamic MTN and Subordinated Perpetual Islamic Notes

Dialog Group Berhad’s (Dialog) Senior Islamic medium-term notes (MTN) (Senior Sukuk) of up to MYR 3 billion and Subordinated Perpetual Islamic Notes (Subordinated Sukuk) of up to MYR 3 billion have been assigned respective final ratings of AA2 and A1 by RAM Ratings (RAM), with both ratings carrying a Stable Outlook.

The Sukuk are combined under Dialog’s proposed Senior Sukuk and Subordinated Sukuk Programme, in which Dialog can issue both Sukuk under a combined MYR 3 billion limit. In addition, Dialog will also be able to issue unrated perpetual and senior notes under the Programme. Earlier in September 2020, Dialog lodged the Sukuk Programme based on the Shariah principle of Wakalah Bi Al-Istithmar, with th...