KUALA LUMPUR (Jan 11): S&P Global Ratings has assigned an A- rating to CIMB Bank Bhd’s proposed senior unsecured notes under the bank’s US$5 billion (RM21 billion) global medium-term note programme.

In a statement, S&P said the issue rating is subject to its review of the final issuance documentation. “The senior unsecured bonds constitute the direct, unsubordinated, and unsecured obligations of the issuer and shall at all times rank equally and without any preference among themselves and all other unsecured and unsubordinated obligations of the issuer.”

Shares of CIMB Bank had fallen five sen or 0.88% to RM5.62 at the time of writing, giving the bank a market capitalisation of RM57.44 billion.