Type | Announcement |
Subject | PROPOSED RM610.0 MILLION IN NOMINAL VALUE SUBORDINATED BONDS (the “Bonds”) |
Maybank may redeem in whole but not in part of the Bonds any time on or after the 5th year from Issue Date at 100% of the principal amount together with accrued interest. Should Maybank decide not to exercise its call option on the first permissible call date, then the coupon rate will be stepped up to 6.65% per annum from the beginning of the 6th year to final maturity date. The coupon is payable semi-annually in arrears from the date of issue of the Bonds with the last coupon payment to be made on the maturity date.
The Trustee for the above Bonds is Malaysian Trustees Berhad. The Trust Deed and the Depository and Paying Agency Agreement for the above Bonds were executed on May 4, 2001.
c.c. Securities Commission
Attn:- Mr Wong Wing Seong
Company Name | MALAYAN BANKING BERHAD |
Stock Name | MAYBANK |
Date Announced | 10 May 2001 |
Category | General Announcement |
Reference No | CU-010510-63849 |