Maybank fully redeems outstanding IT1CS


Fitch Ratings said Maybank's long-term IDRs and viability rating (VR) reflected its dominant franchise in Malaysia and able management team, which help to underpin its stable funding and liquidity position, sound capital buffers and steady earnings performance through business cycles.

PETALING JAYA: Malayan Banking Bhd (Maybank) has fully redeemed the entire outstanding amount of RM1.1bil for its innovative Tier-1 Capital Securities Programme (IT1CS).

The RM1.1bil IT1CS was issued on Sept 25, 2008, Maybank said in a filing with Bursa Malaysia.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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Business , Maybank , fund , raising , IT1CS , Tier , Bursa ,

   

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