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RAM RATES PROPOSED US$131.6 MLN BONDS OF MALAYSIA'S RHB CAPITAL.

AsiaPulse News

| November 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KUALA LUMPUR, Nov 1 Asia Pulse - Rating Agency Malaysia (RAM) has assigned an enhanced long-term rating of A1(s) to the proposed RM500 million (US$131.58 million) Serial Fixed Rate Bonds by RHB Capital Berhad (KLSE:RHBC).

RAM has also upgraded the rating for RHB Capital's existing RM150 million Redeemable Unsecured Bonds (RUB) from A2(s) to A1(s).

RHB Capital has proposed an early redemption of the RM150 million RUB, to be funded by the proceeds from the proposed RM500 million bonds, RAM said in a statement.

It said, "As a bank holding company, the key risk facing RHB Capital is the sustainability of the dividend flow from its subsidiaries."

While the industry generally experienced a trying period during most of 2001, RHB Capital's main subsidiaries, ...

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Source: HighBeam Research, RAM RATES PROPOSED US$131.6 MLN BONDS OF MALAYSIA'S RHB CAPITAL.

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