Public Bank Issues RM2 Billion Nominal Value Of Medium Term Notes

Public Bank Bhd had on April 7 made an Issuance of RM2 billion Nominal Value Of Subordinated Medium Term Notes Under Basel 111 Compliant Tier 2 subordinated Medium Term Notes Programme of up to RM10 billion in Nominal Value. PBB had on 11 July 2013, announced that it had obtained approvals from Bank Negara Malaysia and the Securities Commission to establish the Sub-Notes Programme. This is the eighth (8th) tranche of Sub-Notes amounting to RM2 billion under the Sub-Notes Programme as follows:

The maturity date of the notes is on April 7 2032 and the call date is on April 202 with a coupon interest rate of 3.93% the proceeds of the sub-notes shall be made available for its working capital, general banking, and other corporate purposes.  RAM Rating Services Bhd has assigned AA1 rating to the Sub-Notes Programme.

Previous articleHong Seng Enters Molecular Diagnostics Realm With Mediven Innovation
Next articleMISC Berhad Successfully Issues RM4.2 Billion Global Medium Term Notes

LEAVE A REPLY

Please enter your comment!
Please enter your name here