KUALA LUMPUR, July 1 (Bernama) -- Affin Bank Bhd (ABB) and its wholly owned subsidiary, Affin Hwang Investment Bank Bhd (AHIBB), have established a RM3 billion commercial papers (CP) programme and the establishment of CP or medium-term notes (MTN) programme of RM2.0 billion.
The bank said Affin Bank and AHIBB have lodged with the Securities Commission Malaysia (SC) all the required information and relevant documents relating to both programmes according to the SC’s guidelines on unlisted capital market products under the lodge and launch framework.
“The programmes will give ABB and AHIBB an additional option to raise funds in the local bond market from time to time, to fund general banking working capital requirements and business purposes of both entities,” it said in a filing with Bursa Malaysia today.
ABB also said that the CP programme has been assigned a short-term rating of P1 while the CP/MTN programme has been assigned a short-term rating of PI and a long-term rating of AA3, both by RAM Rating Services Bhd.
AHIBB is the principal adviser, lead arranger, lead manager and facility agent for the programmes.
-- BERNAMA
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