PETALING JAYA: S&P Global Ratings has assigned an A- rating on CIMB Bank Bhd’s senior unsecured bonds under the bank’s US$5bil (RM20.95bil) global medium-term note programme.

       In a statement, the international rating agency said the issue rating was subject to its review of the final issuance documentation.

       “The senior unsecured bonds constitute the direct, unsubordinated, and unsecured obligations of the issuer and shall at all times rank equally and without any preference among themselves and all other unsecured and unsubordinated obligations of the issuer,” it said.