Moody’s rates Maybank notes A3

Moody’s Investors Service said it assigned an A3 long-term foreign-currency senior unsecured debt rating to Malayan Banking Bhd.’s (Maybank) proposed HK$200 million notes to be issued under its $5 billion multi-currency medium-term note program.

The notes bear a fixed-rate coupon of 1.77% per year and mature Jan. 22, 2018.

The outlook is stable, in line with the stable outlook on Maybank’s A3 deposit ratings and Malaysia’s A3 sovereign rating, Moody’s said.

The A3 rating assigned to the notes is in line with Maybank’s A3 foreign-currency deposit rating.

The notes will constitute an unconditional, unsubordinated and unsecured obligation of Maybank, the agency said, and rank pari passu with Maybank’s other senior unsecured obligations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.