Serba Dinamik to go on sukuk roadshow

TheStar Wed, Apr 24, 2019 08:50am - 5 years View Original


KUALA LUMPUR: Engineering solutions provider Serba Dinamik Holdings Bhd will embark on a roadshow today for its proposed US dollar sukuk.

Bloomberg reported the company had mandated HSBC as sole global coordinator, joint bookrunner and joint lead manager, and Credit Suisse as joint bookrunner and joint lead manager to arrange fixed-income investor meetings in Singapore, Hong Kong, and London from today.

Global Ratings said it assigned its preliminary ‘BB-’ long-term issuer credit rating to Serba Dinamik.

It also assigned its preliminary ‘BB-’ issue rating to the proposed sukuk trust certificates that the company guarantees.

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