[RAM] Sabah Development Bank fully redeems RM1.5 bil CP Programme

RAM Ratings has withdrawn the AA1/Stable/P1 ratings of Sabah Development Bank Berhad’s (the Bank’s) RM1.5 bil Commercial Papers (CP) Programme (2014/2021)/ Medium-Term Notes (MTN) Programme (2013/2033) and no longer have any rating obligation in respect of the facility. The rating withdrawal came after the maturity as well as full redemption of the Bank’s outstanding CP programme on 23 July 2021 and the MTN programme had been subsequently cancelled.

We will, however, maintain surveillance of the Bank’s following debt issues:

Analytical contacts
Chow Kah Mun
(603) 3385 2501

Sophia Lee
(603) 3385 2619