Published on 08 Sep 2017.
RAM Ratings has received confirmation that OCBC Bank (Malaysia) Berhad (OCBC Malaysia or the Bank) fully redeemed its RM600 million Redeemable Subordinated Bonds (2012/2022) on 15 August 2017. As such, we no longer have any rating obligation in respect of the facility, which had previously carried an AA1/Stable rating.
Meanwhile, RAM will maintain surveillance on OCBC Malaysia’s AAA/Stable/P1 financial institution ratings and the AA2/Stable rating of the Bank’s RM400 million Innovative Tier-1 Capital Securities (2009/2039).
Analytical contact
Chew Wei Li
(603) 7628 1025
weili@ram.com.my
Media contact
Padthma Subbiah
(603) 7628 1162
padthma@ram.com.my
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