KUALA LUMPUR: MALAYAN BANKING BHD [] has received the Securities Commission's approval to undertake a multi-currency medium term notes (MTN) programme totaling US$2 billion.
It said on Monday, April 18 the MTN programme would enable it to issue senior and/or subordinated notes in currencies other than in ringgit at any time, provided the aggregate amount of outstanding notes does not exceed US$2 billion in nominal value.
The MTN programme would provides flexibility to Maybank to issue notes from time to time through its Hong Kong branch and/or its Singapore branch.
'The proceeds from each issuance of notes will be used for Maybank's working capital, general banking and other corporate purposes,' it said.
It said on Monday, April 18 the MTN programme would enable it to issue senior and/or subordinated notes in currencies other than in ringgit at any time, provided the aggregate amount of outstanding notes does not exceed US$2 billion in nominal value.
The MTN programme would provides flexibility to Maybank to issue notes from time to time through its Hong Kong branch and/or its Singapore branch.
'The proceeds from each issuance of notes will be used for Maybank's working capital, general banking and other corporate purposes,' it said.
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