Maybank issues Australian dollar-denominated bonds for SGX listing

Maybank issues Australian dollar-denominated bonds for SGX listing
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KUALA LUMPUR (Feb 10): Malayan Banking Bhd (Maybank) has issued A$63 million worth of 1.57% fixed-rate notes due 2028.

In a filing to the Singapore Exchange (SGX), Maybank said the notes, which were issued yesterday, have been listed and quoted in the bond market with effect from 9am today.

“The short name of the notes is Maybank n1.57%280209S and the ISIN Code is XS2298098901,” it noted.

It said the notes will be quoted and traded in Australian dollar, and will be traded in a minimum board lot size of A$500,000.  

“The above notes will not be CDP [Central Depository] eligible securities and will not be settled through CDP,” it added.

The lead managers and bookrunners of the notes are Merrill Lynch International and Maybank Kim Eng Securities Pte Ltd.

At noon break, Maybank shares were traded five sen or 0.63% higher at RM8, giving the group a market capitalisation of RM91.31 billion. There were 2.85 million shares traded.

Lam Jian Wyn