Published on 26 Jul 2019.
RAM Ratings has withdrawn the P1 rating of Sabah Development Bank Berhad’s RM3.0 bil Commercial Papers Programme (2012/2019), following the full redemption and maturity of the said debt programme on 28 February 2019. As such, RAM no longer has any rating obligation in respect of the programme. However, we will maintain rating surveillance of the Bank’s following debt issues:
Commercial Papers (CP) Programme of up to RM1.5 bil in nominal value (2014/2021) and Medium-Term Notes (MTN) Programme of up to RM1.5 bil in nominal value (2013/2033)#
CP Programme of up to RM1.0 bil in nominal value (2013/2020) and MTN Programme of up to RM1.0 bil in nominal value (2012/2032)*
MTN Programme of up to RM3.0 bil (2011/2036)
RM1.0 bil MTN Programme (2008/2028)
#The aggregate outstanding CP and MTN cannot exceed RM1.5 bil at any time.
*The aggregate outstanding CP and MTN cannot exceed RM1.0 bil at any time.
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Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.
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Ratings on Sabah Development Bank Berhad