New Issue: Malaysia's Public Bank sells RM 223 million tranche of 10-year medium-term notes

By Devika Patel

Knoxville, Tenn., Dec. 10 - Public Bank Bhd. said it issued a RM 223 million tranche of subordinated medium-term notes at par in a RM 5 billion offering. The company sold RM 1.4 billion of notes on May 16 and RM 200 million of notes on Nov. 6.

The notes are due Dec. 10, 2019 and callable with a step-up on Dec. 10, 2014. They have a coupon of 4.6% up to Dec. 10, 2014 and 5.6% thereafter through redemption or maturity.

Proceeds will be used for working capital, general banking and other corporate purposes.

Public Bank is a Kuala Lumpur-based retail and commercial bank.

Issuer:	Public Bank Bhd.
Issue:	Subordinated medium term notes
Amount:	RM 5 billion
Maturity:	Dec. 10, 2019
Coupon:	4.6% up to Dec. 10, 2014, 5.6% thereafter
Price:	Par
Call:	Dec. 10, 2014
Settlement dates:	May 16 (for RM 1.4 billion); Nov. 6 (for RM 200 million), Dec. 10 (for RM 223 million)

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