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RAM Ratings Withdraws AmBank Islamic's Issue Rating
Last update: 05/01/2018

KUALA LUMPUR, Jan 5 (Bernama) -- RAM Ratings†recently received confirmation that AmBank Islamic Bhd had fully†redeemed and cancelled its RM2 billion Subordinated Sukuk Musyarakah Programme (2011/2026).

"As such, we have withdrawn the AA3/Stable rating and no longer have†any rating obligation in respect of the facility," said the rating firm in a statement here today.

However, RAM would†maintain surveillance on the Bank's AA 2 /Stable/P1 financial institution ratings and the†RM3 billion Senior Sukuk†Musyarakah†Programme (2010/2040) (AA2/Stable)†and RM3 billion Subordinated Sukuk†Murabahah Programme (2014/2044) (AA3/Stable).

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CLOSING, APRIL 20, 2018
US 3.8950/8000
S'pore 2.9624/9665
100 Yen 3.6172/6229
Sterling 5.4779/4865
Euro 4.7909/7982
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
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