UOB, HSBC value four-year RM350mil MTN for Mercedes-Benz Providers Malaysia



KUALA LUMPUR: UOB Malaysia and HSBC Malaysia have priced a four-year RM350mil medium-term notice (MTN) providing for Mercedes-Benz Providers Malaysia Sdn Bhd (MBSM).

In a joint assertion, the lenders stated the MTN issuance, due in March 2026 at a set coupon charge of three.62 per cent each year, was rated AAA(s) by RAM Score Providers Bhd.

This represents MBSM’s sixth debt issuance within the ringgit bond market in addition to its largest issuance with the very best oversubscription charge thus far.

The transaction is a part of MBSM’s RM3bil debt providing programme, which was launched in Could 2018.

“Regardless of the prevailing unsure world market circumstances, the MTN issuance managed to garner tight pricing and robust demand from institutional buyers to turn out to be MBSM’s largest issuance thus far.

“This can be a clear validation of buyers’ confidence of MBSM’s sturdy credit score and proactive liquidity administration.

“Amid the present low rate of interest surroundings, UOB Malaysia will proceed to help our shoppers to faucet the debt capital market to fulfill their liquidity wants and optimize their financing construction,” stated UOB Malaysia deputy CEO Ng Wei Wei.

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