KUALA LUMPUR: 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 papers programme and a RM3bil Islamic commercial papers 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.
AmInvestment Bank Bhd, the investment banking subsidiary of AMMB, is the principal adviser, lead arranger, lead manager and facility agent for the programmes.
AmBank Islamic is the Shariah adviser for the ICP Programme.
