KUALA LUMPUR, Sept 5- Maybank has successfully established a euro-commercial paper programme (CP Programme) of up to US$5 billion or its equivalent in alternative currencies in nominal value.
In a filing to Bursa Malaysia, the bank said the CP Programme, which has been assigned a final short-term debt rating of P-2 by Moody’s Investors Service Inc, would give it the flexibility to raise funds.
“The issuance of the euro-commercial paper notes can be utilised, among others, to fund the bank’s working capital, general banking and other corporate purposes,” it added.
Maybank received the Securities Commission Malaysia’s approval for the programme’s establishment on July 25 this year.
– BERNAMA
