[RAM] CIMB Group fully redeems RM3 bil Subordinated Notes Programme

RAM Ratings has received confirmation that CIMB Group Holdings Berhad had fully redeemed the outstanding note under its RM3.0 bil Subordinated Notes Programme (2009/2074) on the first optional redemption date of 3 April 2020 and cancelled the facility. As such, we have withdrawn the AA3/Stable rating of the programme and no longer have any rating obligation in respect of it. 

However, we will maintain surveillance of CIMB Group’s AA1/Stable/P1 corporate credit ratings and the ratings of its following facilities:

Analytical contact
Lim Yu Cheng, CFA, FRM
(603) 3385 2492
yucheng@ram.com.my

Media contact
Padthma Subbiah
(603) 3385 2577
padthma@ram.com.my