By Mary-Katherine Stinson
Lexington, Ky., April 23 – Malayan Banking Bhd. sold $100 million of floating-rate notes due April 19, 2029 (A3) at par under the bank’s $15 billion multicurrency medium term note program, according to a pricing supplement.
The notes priced with an initial coupon of compounded SOFR plus 90 basis points, which will be adjusted quarterly.
Australia and New Zealand Banking Group Ltd. and Maybank Securities Pte. Ltd. were the dealers for the Regulation S notes.
The financial services company and commercial bank is based in Kuala Lumpur, Malaysia.
| Issuer: | Malayan Banking Bhd.
|
| Amount: | $100 million
|
| Issue: | Floating-rate notes, series 166, tranche 1
|
| Maturity: | April 19, 2029
|
| Bookrunners: | Australia and New Zealand Banking Group Ltd. and Maybank Securities Pte. Ltd.
|
| Coupon: | SOFR plus 90 bps
|
| Price: | Par
|
| Yield: | SOFR plus 90 bps
|
| Call features: | Non-callable
|
| Trade date: | April 12
|
| Pricing date: | April 15
|
| Settlement date: | April 19
|
| Listing date: | April 22
|
| Ratings: | Moody’s: A3
|
| Distribution: | Regulation S
|
| ISIN: | XS2806386178
|
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