Public Bank announces early redemption of RM1b subordinated notes

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KUALA LUMPUR (Sept 6): Public Bank Bhd said today it had given to noteholders notice of early redemption of its RM1 billion subordinated notes on Sept 25, 2018.

Public Bank told Bursa Malaysia today the subordinated notes due Sept 25, 2023 have a coupon rate of 4.8% a year.

"Public Bank had on Sept 25, 2013 issued RM1 billion subordinated notes due 2023 callable on Sept 25, 2018 at coupon rate of 4.8% per annum.

"Public Bank wishes to announce that notice of early redemption has been given to the noteholders that Public Bank will fully redeem the RM1 billion 4.8% subordinated notes together with accrued interest on Sept 25, 2018," Public Bank said.