PROPOSED RM610.0 MILLION IN NOMINAL VALUE SUBORDINATED BONDS (the "Bonds")

May 10, 2001 Back
Type Announcement
Subject PROPOSED RM610.0 MILLION IN NOMINAL VALUE SUBORDINATED BONDS (the “Bonds”)

Contents :

Aseambankers Malaysia Berhad (“Aseambankers”) on behalf of the Board of Directors of Malayan Banking Berhad (“Maybank”) is pleased to announce that the abovesaid Bonds which had been approved by the Securities Commission on April 18, 2001 will be issued at par on May 16, 2001. The issue amount of RM610.0 million and the coupon rate of the Bonds which is fixed at 5.65% per annum were determined by Maybank through a book-building process which ended on April 30, 2001.


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

 


Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 10 May 2001  
Category General Announcement
Reference No CU-010510-63849