Affinn Bank Berhad announces that it has established a Commercial Paper programme of RM3 billion while its wholly-owned subsidiary, Affin Hwang Investment Bank Berhad successfully established a CP/MTN Programme of RM2 billion in nominal value.
The Programmes will give ABB and AHIBB an additional option to raise funds in the local bond market from time to time, to fund general banking working capital requirements and business purposes of both entities.
The CP Programme has been assigned a short-term rating of P1 whilst the CP/MTN Programme has been assigned a short-term rating of PI and a long-term rating of AA3, both by RAM Rating Services Berhad.
AHIBB is the Principal Adviser, Lead Arranger, Lead Manager and Facility Agent for the Programmes respectively.