Public Bank gets SC approval for proposed senior medium term notes programme

KUALA LUMPUR: Public Bank Bhd (PBB) has obtained approval from the Securities Commission for its proposed senior medium term notes programme for the issuance of senior medium term notes (senior MTNs) of up to RM5bil in nominal value.

The senior MTNs programme has a tenure of up to 20 years from the date of the first issuance of the senior MTNs. The senior MTNs may be issued in series and each issuance shall have a tenure of more than one year as may be determined by the Issuer, provided that the senior MTNs shall mature on or prior to the expiry of the senior MTNs programme.