KUALA LUMPUR: AmBank (M) Bhd has completed its maiden US dollar senior unsecured notes issuance of US$400 million (RM1.28 billion).
The issuance is under its US$2 billion Euro Medium-Term Note programme established last year. The senior notes, rated “Baa1” by Moody’s Investors Service and “BBB+” by Standard & Poor’s Ratings Services, have a tenure of five years and mature on July 3 2019.
“The transaction was a success, being more than 10 times oversubscribed with orders of more than US$4.25 billion from 190 accounts,” AmBank group managing director Ashok Ramamurthy said in a statement yesterday.
“This successful transaction demonstrates our strong reputation as one of the top tier banks in Malaysia and it is a reflection of the confidence that investors have in our credit profile, sound financial strategy and strength, together with our solid business model,” he added.
