Malaysia's Maybank launches $5 billion multicurrency MTN program

By Marisa Wong

Madison, Wis., May 16 - Malayan Banking Bhd. has established a $5 billion multicurrency medium-term note program. The Securities Commission Malaysia approved the MTN program on May 14, according to a company announcement.

Barclays Bank plc, Maybank Investment Bank Bhd. and Nomura International plc are the arrangers of the program, which was initially approved on May 2 by Bank Negara Malaysia.

Proceeds from the issuance of senior notes under the program will be used for working capital, general banking and other corporate purposes.

The commercial and retail bank is based in Kuala Lumpur.

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