AMMB bond deals lodged with the SC

PETALING JAYA: AMMB Holdings Bhd’s wholly owned subsidiaries, AmBank (M) Bhd and AmBank Islamic Bhd, have completed the lodgement with the Securities Commission to establish a RM4bil commercial paper programme and a RM3bil Islamic commercial paper programme (ICP Programme), respectively.

“The programmes will give AmBank and AmBank Islamic an additional option to raise funds from time to time to finance working capital, general banking or other corporate requirements,” AMMB said in a filing with Bursa Malaysia.

The programmes have been assigned short-term ratings of P1 by RAM Rating Services Bhd.