'Maybank sold RM2b debt'
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'Maybank sold RM2b debt'
KUALA LUMPUR: Top lender Malayan Banking Bhd (Maybank) on Thursday sold RM2 billion in subordinated debt at a yield of 4.10 per cent, a source with direct knowledge of the deal, said.
The 10-year, non-callable five-year issue was upsized from an earlier planned RM1.5 billion and priced at the lower end of guidance, the source said yesterday.
The issue was oversubscribed by 2.125 times. The debt will be issued on August 15, said the source.
Maybank was not immediately available for comment.
IFR had reported that CIMB, Malaysia's second-largest bank, had issued RM1.5 billion in subordinated debt.
The first CIMB tranche was structured as a 15-year, non-callable 10-year issue with a final size of RM150 million and priced at 4.70 per cent on July 29, IFR, a Thomson Reuters publication, said.
The remainder RM1.35 billion tranche was structured as a 10-year, non-callable five-year issue and priced at 4.15 per cent, IFR reported. - Reuters
The 10-year, non-callable five-year issue was upsized from an earlier planned RM1.5 billion and priced at the lower end of guidance, the source said yesterday.
The issue was oversubscribed by 2.125 times. The debt will be issued on August 15, said the source.
Maybank was not immediately available for comment.
IFR had reported that CIMB, Malaysia's second-largest bank, had issued RM1.5 billion in subordinated debt.
The first CIMB tranche was structured as a 15-year, non-callable 10-year issue with a final size of RM150 million and priced at 4.70 per cent on July 29, IFR, a Thomson Reuters publication, said.
The remainder RM1.35 billion tranche was structured as a 10-year, non-callable five-year issue and priced at 4.15 per cent, IFR reported. - Reuters
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