Malaysia's Maybank gets OK for $2 billion multicurrency MTN program

By Marisa Wong

Madison, Wis., April 18 - Malayan Banking Bhd. announced that the Securities Commission of Malaysia has approved its proposed multicurrency medium-term notes program.

Maybank plans to issue up to $2 billion of senior or subordinated notes in currencies other than the Malaysian ringgit from time to time.

The notes may be issued through the bank's Hong Kong branch or through its Singapore branch.

Proceeds will be used for working capital, general banking and other corporate purposes.

Maybank is a Kuala Lumpur, Malaysia-based commercial and retail bank.

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