Sabah Development Bank fully redeems RM1.0 bil CP Programme

Published on 28 May 2020.

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RAM Ratings has withdrawn the P1 rating of Sabah Development Bank Berhad’s (the Bank) RM1.0 bil Commercial Papers Programme (2013/2020) following the full redemption and maturity of the facility on 27 May 2020. As such, we no longer have any rating obligation in respect of the programme. 

We will, however, maintain rating surveillance of the Bank’s following debt issues:



Commercial Papers 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)#


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.


Analytical contact
Chow Kah Mun
(603) 3385 2501

Media contact
Padthma Subbiah
(603) 3385 2577


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Ratings on Sabah Development Bank Berhad