Maybank issues yuan-denominated bonds for SGX listing

Maybank issues yuan-denominated bonds for SGX listing
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KUALA LUMPUR (July 27): Malayan Banking Bhd (Maybank), which had today issued 200 million yuan worth of 2.9% fixed-rate notes due 2025, said the securities will be listed on the Singapore Exchange Ltd's (SGX) Bond Market from 9am tomorrow.

In a filing to SGX today, Maybank said the notes will be quoted and traded in yuan.

"The notes will be in denomination of 2 million yuan and integral multiples of 2 million yuan.

“The notes will be traded in a minimum board lot size of 200,000 yuan with a minimum of 10 lots to be traded in a single transaction,” Maybank said.

Maybank said the lead managers and bookrunners of the notes are Credit Agricole Corporate and Investment Bank and Maybank Kim Eng Securities Pte Ltd.

At Bursa Malaysia today, Maybank shares were traded unchanged at RM7.85 at 3:03pm, giving the group a market capitalisation of about RM88.36 billion.

Maybank saw 927,500 shares transacted.