Malaysia's Public Bank expected to sell dollar-denominated 10-year notes next week

By Reshmi Basu

New York, June 8 - Public Bank Bhd is expected to price a dollar-denominated 10-year note offering next week, subject to market conditions, according to a market source.

Earlier Prospect News reported that the amount would range between $250 million to $350 million.

The notes will be non-callable for five years, with call protection lasting until September 2009. There is a coupon step-up to 150% of the original reoffer spread.

Barclays Capital and Citigroup are running the Regulation S deal.

A roadshow will begin in Singapore on Thursday, then in Hong Kong on Friday and finishing off in London on Monday.

© 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.