The proceeds from the issuance of the AT1CS would be utilised to fund Maybank's working capital, general banking and other corporate purposes,
PETALING JAYA: Malayan Banking Bhd
(Maybank) has obtained approval and authorisation from the Securities Commission for the establishment of an additional tier-1 capital securities (AT1CS) programme of up to RM10bil and/or its foreign currency equivalent in nominal value (AT1CS programme).
The bank has also received approval from Bank Negara for the establishment of the AT1CS programme.
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