Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM395 million of 3-month (discount) Notes issued on 23 August, 2001. The 3-month Notes carry an average discount rate of 2.788% p.a. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industr...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM275 million of 1-month (discount) Notes and RM660 million of 3-month (discount) Notes issued on 17 August, 2001. The 1-month and 3-month Notes carry an average discount rate of 2.766% p.a. and 2.792% p.a. respectively. The Notes are issued to fund the purchase of mortgage loans from fina...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM1,375 million of 3-month (discount) Notes issued on 20 July, 2001. The 3-month Notes carry an average discount rate of 2.817% p.a. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industr...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM260 million reopening of the existing 2-year Fixed Rate Bonds, the RM310 million 3-year Fixed Rate Bonds and the RM110 million 4-year Fixed Rate Bonds issued on 12 July 2001. The Bonds carry average yields of 3.226% p.a., 3.448% p.a. and 3.690% p.a. respectively. The Bonds are issued to fund the purchase o...

MARC has assigned a rating of A (Single A) to the Detachable Coupons of Bumiputra-Commerce Bank Berhad’s (BCB) RM667.0 million 10-year Irredeemable Convertible Unsecured Loan Stocks.The rating reflects the subordinated characteristic of the detachable coupons, which were rated below the Financial Institution rating of BCB. BCB’s Financial Institution rating of A+ (Single A plus) reflects the ...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM525 million of 1-month and RM330 million of 3-month (discount) Notes issued on 23 May, 2001. The 1-month and 3-month Notes carry an average discount rate of 2.708% and 2.824% p.a. respectively. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corpo...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM830 million 3-month (discount) Notes issued on 17 May, 2001. The 3-month Notes carry an average discount rate of 2.820% p.a. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industrial pro...

MARC has assigned a rating of A (Single A) to Commerce Asset-Holding Berhad’s (CAHB) RM500.0 million 5-year and 7-year Redeemable Unsecured Bonds. The rating reflects the strong market positioning of CAHB’s major operating units, the employment of sound risk management practices, solid capital levels and the majority government shareholding. These positives are moderated by the erratic perfo...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM105 million reopening of the existing 2-year Fixed Rate Bonds, RM150 million reopening of the existing 4-year Fixed Rate Bonds and RM322 million reopening of the existing 5-year Fixed Rate Bonds issued on 11 May 2001. The Bonds carry average yields of 3.293% p.a., 3.700%p.a. and 3.863% p.a. respectively. T...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM237 million 2-year Fixed Rate Bonds and RM500 million 3-year Fixed Rate Bonds, issued on 18 April, 2001 and 19 April 2001 respecively. The 2-year Bonds carry a coupon rate of 3.131% p.a whilst the 3-year Bonds carry a coupon rate of 3.268% p.a. The Bonds are issued to fund the purchase of housing loans fro...