Type | Announcement |
Subject | OTHERS |
Description |
ESTABLISHMENT OF A U.S. COMMERCIAL PAPER PROGRAMME OF UP TO A MAXIMUM AGGREGATE AMOUNT OF USD500 MILLION IN NOMINAL VALUE. |
On behalf of Malayan Banking Berhad (“Maybank”), Maybank Investment Bank Berhad (“Maybank IB”) is pleased to announce that on 27 October 2015, Maybank successfully established a U.S. Commercial Paper (“Notes”) Programme (“CP Programme”). Under the CP Programme, Maybank New York Branch, may issue, from time to time, Notes up to a maximum aggregate amount outstanding at any time of USD500 million in nominal value. The Notes will be offered and sold in privately negotiated transactions exempt from the registration requirements of the U.S. Securities Act of 1933 in reliance on Section 3(a)(2) thereof. The CP Programme is fully supported by a USD500 million direct-pay letter of credit which was issued by Wells Fargo Bank, N.A. on 2 November 2015, and has been assigned a Prime-1 rating by Moody’s Investors Service, Inc. and A-1+ by Standard & Poor’s Ratings Services. Maybank received the Securities Commission Malaysia’s approval for the establishment of the CP Programme on 19 June 2015. The CP Programme will give Maybank the flexibility to raise funds via the issuance of commercial papers from time to time which can be utilised for general corporate purposes. Maybank IB is the Principal Adviser while Maybank Kim Eng Securities Pte. Ltd. is the Lead Arranger for the CP Programme. This announcement is dated 3 November 2015. |
Company Name | MALAYAN BANKING BERHAD |
Stock Name | MAYBANK |
Date Announced | 03 Nov 2015 |
Category | General Announcement for PLC |
Reference Number | GA1-27102015-00054 |