Thursday, May 22, 2008

OSK ... May 2008

OSK Investment Bank Bhd has hired OCBC Bank (Malaysia) Bhd and Standard Chartered Bank Malaysia Bhd to arrange the sale of its RM400 million medium-term notes. In addition to being the issuer, OSK Investment Bank also acts as an arranger for the deal.


The programme has a tenure of 12 years from the date of first issue of the subordinated notes and qualify as tier 2 capital of OSK. The notes carry a long-term rating of "A3" (with a positive outlook) from RAM Rating Services Bhd.


OSK Investment Bank has a general bank rating of "A2/P1". The additional capital is required for general corporate and business purposes of OSK Investment Bank, including investments and working capital.

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