Malaysia's AMMB Holdings Bhd. issued subordinated notes worth 350 million ringgit.
The notes were issued March 14 under the company's subordinated note program of up to 10 billion ringgit, according to a March 15 release.
The notes bear an annual interest rate of 5.23% and a maturity period of 10 years, not callable for the first five years.
As of March 15, US$1 was equivalent to 3.92 Malaysian ringgit.
