By Aaron Hochman-Zimmerman
New York, Feb. 4 - AMMB Holdings Berhad (A2, local) priced a 500 million ringgit 10-year note at par with a coupon of 5.23%, according to a press release.
The notes come from its 2 billion ringgit medium-term note program
The notes carry five years of call protection. The coupon steps up 50 basis points annually after five years.
Of the proceeds, 200 million ringgit will be used to refinance outstanding debt and 300 million ringgit will be used for general working capital.
AMMB is a Kuala Lumpur-based retail and commercial bank.
| Issuer: | AMMB Holdings Berhad
|
| Amount: | 500 million ringgit
|
| Issue: | 10-year notes
|
| Coupon: | 5.23%
|
| Price: | Par
|
| Yield: | 5.23%
|
| Maturity: | 2018
|
| Call features: | Non-callable for five years
|
| Pricing date: | Feb. 4
|
| Ratings: | Rating Agency Malaysia: A2
|
© 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.
