COMMERCE International Merchant Bankers Bhd (CIMB) said yesterday it has completed its Tier 2 subordinated debt of US$100mil, which was oversubscribed by 4.25 times.
The deal was priced by 99.843% and a coupon of 5%, equivalent to 220 basis points above the prevailing US Treasury yield, which is tighter than the price guidance of 225–235 basis points above five-year US Treasury yield, it said in a statement.
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