The Board of Directors of Malayan Banking Berhad (“Maybank”) is pleased to announce that Maybank had on 3 February 2012 successfully priced its USD400.0 million of Regulation S senior unsecured notes (“Senior Notes” or the “Transaction”) under its USD2.0 billion Multicurrency Medium Term Note Programme. 

The Transaction received strong demand from investors and was more than five times oversubscribed. The Senior Notes was priced at 5-year US Treasury + 230 bps or a yield of 3.004% and will pay a coupon of 3.000% per annum. The Senior Notes will have a tenure of 5 years from the issue date, maturing on 10 February, 2017.

The Senior Notes to be issued are expected to be rated A- (Stable) by both Standard & Poor’s Ratings Services and Fitch Ratings. The Senior Notes are expected to be listed on the Singapore Exchange Securities Trading Limited and the Labuan International Financial Exchange Inc.

The net proceeds from the issuance of the Senior Notes will be utilised by Maybank to fund its working capital, general banking and for other corporate purposes. 

Barclays Bank PLC and Maybank Investment Bank Berhad are the Joint Lead Managers and Bookrunners for the Transaction.

For further information, please refer to the press release.

This announcement is dated 8 February 2012.