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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 9/10/2014 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Malaysia’s Maybank redeems portion of 2008 tier 1 capital securities

By Marisa Wong

Madison, Wis., Sept. 10 – Malaysia’s Malayan Banking Bhd. announced it redeemed RM 3,437,000,000 of its existing non-innovative tier 1 capital on Wednesday.

The securities are comprised of non-cumulative perpetual capital securities issued by Maybank stapled to subordinated notes issued by Maybank’s wholly owned subsidiary, Cekap Mentari Bhd.

The partially redeemed securities were issued in June 2008.

The commercial and retail bank is based in Kuala Lumpur.


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