By Jennifer Chiou
New York, May 16 - Public Bank Bhd. announced that it issued a RM 1.4 billion tranche of an offering of RM 5 billion lower tier II subordinated notes.
Public Investment Bank is the bookrunner for the deal.
The notes come from Public Bank's medium-term note program and are due on May 16, 2018. They bear interest at 4.73% until May 16, 2013 and then at 5.73% until maturity.
The securities are callable with step-up on May 16, 2013.
Public Bank is a Kuala Lumpur-based retail and commercial bank.
| Issuer: | Public Bank Bhd.
|
| Issue: | Lower tier II subordinated notes
|
| Total amount: | RM 5 billion
|
| Maturity: | May 16, 2018
|
| Bookrunner: | Public Investment Bank
|
| Interest rate: | 4.73% until May 16, 2013, then 5.73% until maturity
|
| Price: | Par
|
| Call option: | On May 16, 2013
|
| Announcement date: | April 17
|
| Settlement date: | May 16 (for RM 1.4 billion)
|
© 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.
