Malaysia-based Public Bank Bhd. plans to redeem 1 billion ringgit worth of notes that it issued in 2013.
The bank said in a Sept. 6 release that it will redeem the 4.80% subordinated notes, due 2023, on Sept. 25, along with accrued interest.
The notes were issued Sept. 25, 2013.
As of Sept. 5, US$1 was equivalent to 4.15 Malaysian ringgit.