MARC has withdrawn its AAA rating on Oversea-Chinese Banking Corporation Limited’s (OCBC Ltd) RM2.5 billion redeemable subordinated bonds, following the early redemption of the facility on June 6, 2013 as confirmed by the facility agent on June 7, 2013. However, the rating agency will continue to maintain rating surveillance on OCBC Ltd’s financial institution rating, currently rated AAA/stable.

Contact:
Sharidan Salleh, +603-2082 2254/ sharidan@marc.com.my.