Megabank To Seek International Rating For Eurobond Issue

Megabank (MEGA: BUY) officials said yesterday that the bank was planning to receive an international rating from Fitch or Moody’s for its 2008 Eurobond issue. In related news, at the bank’s AGM last week, MEGA shareholders voted not to pay dividends and put 5% of the bank’s 2006 profits in its reserve fund and the rest use for the bank’s development.