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Public Bank said to sell RM2b notes
by hlk Fri 15 Jul 2011, 13:17
Public Bank Bhd, Malaysia’s third largest banking group by assets, plans to market as much as RM2 billion (US$666 million) of 11-year subordinated notes for working capital, according to a sales document obtained by Bloomberg News.
The lender aims to start selling the debt on July 27 with issuance expected in the first week of August, it said. The notes are rated AA1, by RAM Agency Malaysia Bhd., its second- highest investment grade, the document said.
Public Investment Bank Bhd, AmInvestment Bank Bhd, CIMB Investment Bank Bhd and RHB Investment Bank Bhd are joint lead managers for the sale, it said. -- Bloomberg
The lender aims to start selling the debt on July 27 with issuance expected in the first week of August, it said. The notes are rated AA1, by RAM Agency Malaysia Bhd., its second- highest investment grade, the document said.
Public Investment Bank Bhd, AmInvestment Bank Bhd, CIMB Investment Bank Bhd and RHB Investment Bank Bhd are joint lead managers for the sale, it said. -- Bloomberg
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