Malayan Banking gets noteholders’ OK to transition floaters to SOFR

By Mary-Katherine Stinson

Lexington, Ky., Feb. 15 – Malayan Banking Bhd. announced that noteholders representing at least 90% of its bonds have signed off on a transition to SOFR from Libor as a basis for its $15 million floating-rate notes due April 15, 2024 (ISIN: XS1982042001), according to an announcement.

The notices of written resolution were initially published on Jan. 10 and were passed on Feb. 15.

The notes were originally issued under the bank’s $15 billion multicurrency medium-term note program.

The financial services company and commercial bank is based in Kuala Lumpur, Malaysia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.