TEXT-RAM rates Malaysia's EON Capital bonds A2


(The following statement is issued by the rating agency) KUALA LUMPUR, Nov 25 - RAM has assigned a long-term rating of A2 to EON Capital Berhad's ("EON Capital") proposed up to RM300 million Secured Fixed Rate Bonds. All net proceeds arising from the proposed Bonds will be utilised to part-finance the acquisition of EON Bank. Based on our sensitivity analysis, EON Capital's cash flow is robust and adequate to meet the repayment of its proposed Bond issue. EON Capital will be the ...

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