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Prospect News home > News index > List of issuers M > Headlines for Malayan Banking Bhd. > News item
Published on 6/27/2018 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Malaysia’s Maybank redeems all non-innovative tier 1 securities

By Marisa Wong

Morgantown, W.Va., June 27 – Malayan Banking Bhd. (Maybank) announced it redeemed in full its outstanding non-innovative tier 1 capital on June 27.

The redeemed securities consisted of non-cumulative perpetual capital securities issued by Maybank stapled to subordinated notes issued by wholly owned subsidiary Cekap Mentari Bhd.

Maybank issued the original RM 3.5 billion of non-innovative tier 1 capital securities on June 27, 2008.

The commercial and retail bank is based in Kuala Lumpur.


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