MARC Ratings takes note of Merchantrade Asia Sdn Bhd’s announcement dated 6 November 2026 on BNM FAST of its intention to fully redeem the outstanding RM80.0 million Commercial Papers (CPs) upon maturity on 23 November 2026. MARC Ratings understands that the required funds have been set aside for the redemption. Upon completion of the redemption, no CPs will remain outstanding under the company’s Multi-Currency CP Programme of up to RM200.0 million in nominal value, which the company intends to cancel thereafter. The CP was last rated MARC-1 by MARC Ratings.