Wednesday 28 December 2011

Maybank issues RM1b subordinated notes

Malayan Banking Bhd. issued RM1 billion (US$316 million) of debt under a subordinated note program of as much as RM3 billion to help fund the bank’s working capital.

The bank issued RM750 million of 10-year notes at 3.97 per cent and RM250 million of 12-year notes at 4.12 per cent, according to a statement to the stock exchange today. -- Bloomberg




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