Maybank issues 250 million yuan bonds for SGX listing

Maybank issues 250 million yuan bonds for SGX listing
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KUALA LUMPUR (Oct 15): Malayan Banking Bhd (Maybank) had on Friday (Oct 15) issued 250 million yuan (about RM161 million) worth of fixed-rate bonds due 2024 on the Singapore Exchange (SGX).

According to Maybank's filing to the SGX on Friday, the fixed-rate notes, which pay an annual interest rate of 3.15%, will be listed and quoted on SGX's Bonds Market at 9am on Monday (Oct 18).

Maybank however did not say how the bond sale proceeds will be used.

The lead managers and bookrunners for the bond sale are Maybank Kim Eng Securities Pte Ltd and Daiwa Capital Markets Singapore Ltd.

At Bursa Malaysia on Friday (Oct 15), Maybank's share price rose one sen or 0.12% to RM8.29, giving the bank a market capitalisation of about RM95.42 billion.

Maybank, which has 11.51 billion issued shares, was traded at between RM8.27 and RM8.32 so far on Friday (Oct 15).

A glance at Maybank's year-to-date (YTD) share price chart showed that the stock's price closed down at its lowest YTD level of RM7.81 on Jan 29, 2021 and finished up at its highest of RM8.55 on March 11, 2021.

Chong Jin Hun