RAM Ratings has assigned a final rating of AAA(fg)/Stable to Hektar MTN Satu Sdn Bhd’s (Hektar MTN Satu) Guaranteed Tranche(s) of up to RM230 million (under its RM500 million MTN programme). The ratings agency said it had reviewed the relevant transaction documents and found them to be in line with expectations when it assigned the preliminary rating, published on 27 December 2023.
Hektar MTN Satu is a wholly owned subsidiary of Hektar Real Estate Investment Trust (Hektar REIT), set up solely as a funding conduit for the MTN programme.
