Malaysia's Public Bank Bhd. will fully redeem 888 million ringgit of cumulative perpetual capital securities on Nov. 13.
The securities, which are due Nov. 13, 2059, were issued in 2009 with a coupon rate of 7.20% per year. The securities were stapled to subordinated notes issued by Public Bank subsidiary PBFIN Bhd.
As of Oct. 1, US$1 was equivalent to 4.19 Malaysian ringgit.
