Friday 26 Apr 2024
By
main news image

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has set up a RM10 billion senior medium-term note (MTN) programme, allowing it to issue MTNs from time to time to fund its working capital, general banking and other corporate purposes, including refinancing any existing borrowings and/or debt instruments.

In a filing with Bursa Malaysia yesterday, Maybank (fundamental: 1.4; valuation: 2.25) said it had last Wednesday lodged with the Securities Commission Malaysia all required information and relevant documents relating to the MTN programme pursuant to the guidelines on unlisted capital market products.

The MTN programme has been assigned a final long-term debt rating of "AAA" by Malaysian Rating Corp Bhd, it added.

Maybank Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the programme.

 

This article first appeared in digitaledge Daily, on September 3, 2015.

      Print
      Text Size
      Share