Others

Oct 19, 2015 Back

 

Type Announcement
Subject OTHERS
Description 
MALAYAN BANKING BERHADS ISSUANCE OF BASEL III-COMPLIANT TIER 2 SUBORDINATED NOTES OF RM2.2 BILLION UNDER A SUBORDINATED NOTE PROGRAMME OF UP TO RM7.0 BILLION IN NOMINAL VALUE

We refer to our earlier announcements dated 21 February 2012, 10 May 2012 and 29 January 2014.

On behalf of the Board of Directors of Malayan Banking Berhad (“Maybank”), Maybank Investment Bank Berhad is pleased to announce that Maybank has on 19 October 2015 completed the issuance of a RM2.2 billion Basel III-compliant Tier 2 Subordinated Notes (“Subordinated Notes”) under the RM7.0 billion Subordinated Note Programme.

The issuance details are summarized as follows:

(a) Issuer Malayan Banking Berhad
(b) Issue Date 19 October 2015
(c) Nominal Amount RM2,200,000,000.00
(d) Tenure 10 years on a 10 non-callable 5 basis
(e) Maturity Date 17 October 2025
(f) Call Date Callable on the fifth anniversary date from the Issue Date and on every coupon payment date thereafter with the first call date on 19 October 2020
(g) Coupon Rate 4.90% per annum
(h) Details on Utilisation of Proceeds The proceeds from the Subordinated Notes will be utilised to fund Maybank’s working capital, general banking and other corporate purposes.
(i) Rating AA1 (RAM Rating Services Berhad)

The Subordinated Notes will qualify as Tier 2 capital of Maybank in accordance with the Bank Negara Malaysia Capital Adequacy Framework (Capital Components) issued on 28 November 2012.

This announcement is dated 19 October 2015. 




Announcement Info

Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 19 Oct 2015
Category General Announcement for PLC
Reference Number GA1-19102015-00094