MNRB Holdings Bhd has established a commercial paper (CP) programme of up to RM500 million in nominal value to raise funds for its working capital, investments, capital expenditure and other corporate purposes.
In a filing with Bursa Malaysia, the company said it had lodged the required information and relevant documents for the proposed CP programme with the Securities Commission Malaysia (SC) on Sept 1, 2026, under the Lodge and Launch Framework.
The seven-year CP programme will allow MNRB Holdings to issue commercial papers from time to time, subject to a maximum nominal value of RM500 million throughout the duration of the programme.
The first issuance of CPs is required to be made within 90 business days from the lodgement date, or such other period as may be prescribed by the SC, giving the company a defined timeline within which to begin utilising the facility.
The CPs will carry tenures of between one and 12 months, provided that each issuance matures before the expiry of the overall CP programme, offering MNRB Holdings flexibility in how it structures its short-term borrowings under the facility.
RAM Rating Services Bhd has assigned a short-term credit rating of P1 to the programme, reflecting a strong assessment of the company’s capacity to meet its short-term financial obligations.
MNRB Holdings said proceeds from the CP issuances will be utilised for general working capital, strategic and/or general investments, capital expenditure, refinancing, other general corporate purposes, and/or expenses related to the CP programme itself, giving the group broad flexibility in how the funds raised will ultimately be deployed across its operations.
