KUALA LUMPUR: Public Bank Bhd
has issued the third tranche of its RM20 billion subordinated medium-term notes (Sub-Notes) Programme, amounting to RM500 million in nominal value.
In a filing with Bursa Malaysia today, the bank said it had lodged the required information and relevant documents regarding the establishment of the sub-notes with the Securities Commission through Public Investment Bank Bhd.
The proceeds from the sub-notes will be set aside for working capital and general banking purposes.
The sub-notes have a 10-year tenure, maturing on Dec 11, 2034.
Its coupon/interest rate is fixed at 4.00 per cent annually, said Public Bank.
RAM Rating Services Bhd has assigned a long-term rating of AA1 to the sub-notes Programme. - Bernama
