| Type | Announcement |
| Subject | Issuance of Non-Innovative Tier 1 Capital (“NIT1 Capital”) of up to RM3.5 billion in nominal value comprising of: (1) Non-Cumulative Perpetual Capital Securities (“NCPCS”) to be issued by Malayan Banking Berhad (“Maybank”) which are stapled to: (2) Subordinated Notes (“Sub Notes”) to be issued by Cekap Mentari Berhad (formerly known as Cekap Mentari Sdn Bhd) (“Cekap Mentari”), a wholly-owned subsidiary of Maybank |
| Contents | We refer to our earlier announcements, dated: - 2 June 2008 in respect of the long term rating of AA2 accorded by RAM Rating Services Berhad for the NIT1 Capital; 4 June 2008 in respect of the acquisition of Cekap Mentari by Maybank; and 18 June 2008 in respect of approval from Securities Commission for the NIT1 Capital. The Board of Directors of Maybank is pleased to announce that the NIT1 Capital of up to RM3.5 billion has been successfully issued on 27 June 2008 via private placement. The NIT1 Capital is issued in the form of stapled securities, which comprise the issuance of NCPCS by Maybank stapled to the Sub Notes issued by Cekap Mentari, a wholly-owned subsidiary of Maybank. This announcement is dated 27 June 2008. |
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 27 Jun 2008 |
| Category | General Announcement |
| Reference No | CU-080627-61722 |