• PRESS RELEASES

Sabah Development Bank fully redeems RM1.5 bil CP Programme

Published on 29 Jul 2021.

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RAM Ratings has withdrawn the AA1/Stable/P1 ratings of Sabah Development Bank Berhad’s (the Bank’s) RM1.5 bil Commercial Papers (CP) Programme (2014/2021)/ Medium-Term Notes (MTN) Programme (2013/2033) and no longer have any rating obligation in respect of the facility. The rating withdrawal came after the maturity as well as full redemption of the Bank’s outstanding CP programme on 23 July 2021 and the MTN programme had been subsequently cancelled.

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

Table 1: Ratings of Sabah Development Bank’s debt programmes

Instrument

Rating(s)

RM3.0 bil CP (2021/2028)/MTN Programme (2021/2046)^

AA1/Stable/P1

RM1.0 bil MTN Programme (2012/2032)

AA1/Stable

RM3.0 bil MTN Programme (2011/2036)

AA1/Stable

RM1.0 bil MTN Programme (2008/2028)

AA1/Stable

^ Aggregate outstanding CP and MTN cannot exceed RM3.0 bil at any time.

 

Analytical contacts
Chow Kah Mun
(603) 3385 2501
kahmun@ram.com.my

Sophia Lee
(603) 3385 2619
sophia@ram.com.my

 

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Published by RAM Rating Services Berhad
© Copyright 2021 by RAM Rating Services Berhad



Ratings on Sabah Development Bank Berhad

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