MNRB Holdings Bhd has launched a commercial paper (CP) programme with a maximum nominal value of RM500 million, registered under Malaysia’s Securities Commission on September 1, 2026 [1, 2, 3]. The programme was filed under the Lodge and Launch Framework, allowing the company to issue CPs up to the RM500 million limit over a seven-year period [1, 2, 3].
The CPs issued under the programme will have maturities ranging from one month to 12 months but must expire before the programme’s seven-year tenure ends [1, 2, 3]. MNRB Holdings must make its first CP issuance within 90 business days from September 1, 2026, or within a period prescribed by the Securities Commission [1, 2, 3].
RAM Rating Services Bhd has assigned the CP programme a short-term credit rating of P1, reflecting its credit quality and low risk profile [1, 2, 3].
Proceeds raised from the CP issuances will be allocated to cover general working capital needs, strategic and general investments, capital expenditures, refinancing activities, and other corporate expenses, including those related to running the programme [1, 2, 3].
The registration and issuance timeline places MNRB Holdings on track to begin tapping Malaysia’s CP market before year-end, with the next key deadline being the 90-business-day window for the first issuance from September 1, 2026 [1, 2, 3].
