Published on 02 Jul 2019.
RAM Ratings has received confirmation that Hong Leong Bank Berhad had fully redeemed and cancelled its RM1.5 billion Nominal Value Subordinated Notes on 24 June 2019. Consequently, RAM no longer has any rating obligation in respect of the said facility and has withdrawn the AA1/Stable rating accorded to it. However, we will maintain surveillance of Hong Leong Bank’s AAA/Stable/P1 financial institution ratings and the ratings of the Bank’s following debt issues:
RM1.0 billion Innovative Tier-1 Capital Securities Issuance Programme (2009/2069)
RM10.0 billion Multi-currency Subordinated Notes Programme (2014/2044)
RM10.0 billion Multi-currency Additional Tier-1 Capital Securities Programme (2017/2117)
Chew Wei Li
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Ratings on Hong Leong Bank Berhad