Moody’s rates Maybank notes A3

Moody's Investors Service said it has assigned an A3 long-term foreign currency senior unsecured debt rating to Malayan Banking Bhd.’s HK$220 million senior notes, issued under its $15 billion multicurrency medium-term note program.

The senior notes bear a fixed rate coupon of 2.09% per annum and mature on June 8, 2019.

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

The A3 rating assigned to the notes is in line with Maybank's A3 foreign currency deposit rating, Moody’s said.

The notes will constitute an unconditional, unsubordinated and unsecured obligation of Maybank, and rank pari-passu with Maybank's other senior unsecured obligations.

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