Maybank sets up RM10b bond programme

PETALING JAYA: Malayan Banking Bhd announced yesterday that it has set up a RM10 billion senior medium-term note (MTN) programme.
The MTN programme has been assigned a final long-term debt rating of ‘AAA’ by Malaysian Rating Corporation Bhd.
Maybank Investment Bank (MaybankIB) said it has on August 26, 2015 on behalf of Maybank lodged with the Securities Commission Malaysia all required information and relevant documents relating to the debt programme.
“The MTN programme will give Maybank the flexibility to raise funds via the issuance of MTNs from time to time which can be utilised, amongst others, to fund Maybank’s working capital, general banking and other corporate purposes, including the refinancing of any existing borrowings incurred by Maybank and/or any existing debt instruments issued by Maybank,” it said.