Malaysia's AmBank announces $200 million hybrid tier I offering

By Paul A. Harris

St. Louis, Jan. 11 - AMMB Holdings Bhd., a wholly owned subsidiary of Malaysia's AmBank Bhd., intends to sell up to $200 million of hybrid tier I preferred shares, the company announced in a Wednesday press release.

BNP Paribas, Credit Suisse and AmMerchant Bank will be joint bookrunners for the Regulation S offering.

Proceeds will be used for general capital management and to fund the growth of business operations.

AmBank Bhd. is a financial services provider based in Kuala Lumpur, Malaysia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.