ID :
349496
Fri, 11/28/2014 - 11:44
Auther :

Maybank Launches Gretai Securities Market In Taiwan, Raises US$500 Million

KUALA LUMPUR, Nov 28 (Bernama) -- Malayan Banking Bhd (Maybank), has launched an inaugural GreTai Securities Market (GTSM) listed transaction in Taiwan, raising US$500 million from professional institutional investors. "This is issued out of Maybank's existing US$5 billion Multi-Currency Medium Term Note Programme and is the first 30 year callable zero coupon notes," Maybank said in a statement. It said the issuance attracted commitments from over a dozen life insurance companies, since Maybank is the first Malaysian issuer in the GTSM. Maybank has benefited from the recent change in the GTSM guidelines, which enable more flexible access by foreign issuers into the Taiwanese capital markets. KGI Securities Co Ltd and Maybank Kim Eng Securities Pte Ltd acted as joint bookrunners cum coordinators for the issuance. Maybank's Group Corporate Treasurer Odie Lee said: "This issuance represents another ground breaking issuance for the bank, and will further enhance Maybank's diversification strategy to access sustainable medium to long term funding sources." Gretai is a trading house which serves over the counter market and bond trading in Taiwan while Maybank is Malaysia's largest financial services group and the leading banking group in South East Asia. --BERNAMA

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