MalayanBanking Bhd. raised US$500 million from the of Basel III-compliant Tier 2subordinated notes due Oct. 29, 2026.
The 10.5-year notes were issued April 29 through asyndicated offering under the company's US$15 billion medium-term notes program.
The notes have a coupon of 3.905%.
Maybank will use the proceeds from the issuance to fund itsworking capital, general banking and other corporate purposes.