KUALA LUMPUR: Public Bank Bhd
has proposed to establish a seven-year commercial papers (CPs) programme with a nominal value of up to RM10.0 billion through Public Investment Bank Bhd (PIVB).
In a Bursa Malaysia filing, Malaysia’s third-largest bank by total assets said PIVB lodged the required information and documents with the Securities Commission Malaysia to establish the programme.
"The RM10 billion CPs programme will have a tenure of seven years from the date of first issuance.
"It will provide the issuer the flexibility to issue CPs from time to time," the filing said.
Public Bank said RAM Rating Services Bhd has assigned a short-term preliminary rating of P1 to the programme. PIVB has been appointed as its principal adviser, lead arranger and lead manager. - Bernama
