Malaysia's Public Bank to start roadshow Thursday for tier 1 securities via Barclays

By Paul A. Harris

St. Louis, May 30 - Malaysia's Public Bank Bhd. will begin a roadshow on Thursday in Singapore, Hong Kong and London for its dollar-denominated offering of tier 1 securities (Baa2/BBB) according to an informed source.

The notes will mature in 30 years by means of a stock settlement.

Barclays Capital is the bookrunner for the Regulation S offering.

The notes will come with 10 years of call protection. If the notes are not called in 10 years, the coupon will step up by 100 basis points.

Moody's Investors Services assigns its A3 issuer rating to the Malaysian financial institution. Standard & Poor's assigns an issuer rating of A-.

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