KUALA LUMPUR (Yosefardi) – Malayan Banking Berhad (Maybank), through Maybank Investment Bank Berhad has today (Sept. 2) successfully established a senior medium term note program (MTN Program) under which Maybank may issue and have outstanding at any time MTNs of up to RM10.0 billion in nominal value.
The MTN Program will give Maybank the flexibility to raise funds via the issuance of MTNs from time to time which can be utilized, among 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.
While Maybank’s subsidiary, Maybank Investment Bank Berhad, has proposed to list additional 293,446,030 new ordinary shares of RM1.00 each in Maybank on the Main Market of Bursa Malaysia Securities Berhad.