MNRB proposes RM500 million commercial paper programme

MNRB Holdings Berhad plans to create a commercial paper programme worth up to RM500 million to meet the group’s financing and broader corporate needs.

In a filing with Bursa Malaysia, the company said it submitted the relevant information and documents to the Securities Commission Malaysia on Sept. 1, 2026. The proposed programme would allow MNRB to issue commercial paper periodically, up to the RM500 million nominal limit.

The programme would run for seven years from the date of its first issuance. That first issuance must take place within 90 working days of lodgement, or within another period set by the Securities Commission. Each commercial paper issue would mature in one to 12 months and must mature before the programme ends.

MNRB said RAM Rating Services Berhad had assigned the programme a short-term P1 credit rating. The proceeds may support general working capital, strategic and general investments, capital expenditure, refinancing and other general corporate purposes. Some funds would also cover expenses linked to the programme.

Affin Hwang Investment Bank Berhad has been appointed principal adviser, principal arranger and principal managing underwriter.

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The programme is for seven years from the date of the first issuance of the commercial paper.