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Maybank successfully launches its inaugural GreTai Securities Market listed USD500 million 30 year Callable Zero Coupon Notes

28 November 2014

3 min read

28th November 2014 – Malaysia – Malayan Banking Berhad (“Maybank”), the fourth largest banking group in ASEAN, successfully launched an inaugural GreTai Securities Market (“GTSM”) listed transaction in Taiwan, Republic of China, raising USD500million from professional institutional investors. This is issued out of Maybank’s existing USD 5 billion Multi-Currency Medium Term Note Programme and is Maybank’s first 30 year callable zero coupon notes.


The issuance attracted commitments from over a dozen life insurance companies since Maybank is the first Malaysian issuer in the GTSM. Maybank 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. (“KGI”) and Maybank Kim Eng Securities Pte Ltd (“Maybank Kim Eng”) acted as joint bookrunners/coordinators for the issuance.


Mr. Odie Lee, Maybank’s Group Corporate Treasurer commented “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“.


Ms. Shannon Hung, Head of Fixed Income, KGI said “Investors responded very positively to Maybank’s offering and the issuance was priced very competitively relative to other similar rated issuers in the GTSM“.


Mr. Lee Ka Sing, Head of Debt Capital Markets, Maybank Kim Eng said “This is another milestone for Maybank Kim Eng in expanding into new capital markets in the region. Given the liquidity and sophisticated investors in Taiwan, we believe GTSM will serve a favourable avenue to raise funding for our customers”.