Malaysia’s AMBB Capital calls $200 million 6.77% preference shares

By Wendy Van Sickle

Columbus, Ohio, Dec. 17 – AMBB Capital (L) Ltd. called $200 million of its 6.77% fixed-to-floating rate step-up non-cumulative non-voting guaranteed preference shares, according to a notice.

The preference shares will be redeemed Jan. 27 at the liquidation preference of $100,000 per share plus accrued dividends.

The issuer is incorporated is a subsidiary of AmBank (M) Berhad, a Kuala Lumpur-based retail and commercial bank.

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