Moody’s assigns A3 to Maybank notes

Moody's Investors Service said it assigned an A3 long-term foreign currency senior unsecured debt rating to Malayan Banking Bhd.’s (Maybank) HK$378 million senior notes, issued under the bank's $15 billion multicurrency medium-term note program.

The senior notes bear a fixed-rate coupon of 2.05% per annum, and mature on Oct. 12, 2021.

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

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

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

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