KUALA LUMPUR: Public Bank Bhd
has proposed to establish a seven-year commercial papers (CPs) programme with a nominal value of up to RM10bil through Public Investment Bank Bhd (PIVB).
In a filing with Bursa Malaysia, Malaysia’s third-largest bank by total assets said PIVB lodged the required information and documents with the Securities Commission to establish the programme.
“The RM10bil 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. — Bernama
