KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB), the Hongkong and Shanghai Banking Corp Ltd (HSBC) and the Bank of China Ltd (BOC) have launched Cagamas Bhd’s inaugural three-year 1.5 bilion yuan Tiger Emas Bond with a fixed coupon rate of 3.70% per annum.
The bonds were issued through Cagamas’ newly established US$2.5bil Conventional Multicurrency Medium Term Note Programme, which gives Cagamas the ability to issue bonds under a host of international currencies.
