Malayan Banking Berhad (“Maybank”), the fourth largest banking group in ASEAN by assets, successfully launched its inaugural Samurai bond issuance, raising JPY 31.3 billion (equivalent to approximately USD261 million) with a three and five year tenor.
This is the first-ever Samurai bond issued out of the Malaysian banking sector, as well as the first Samurai bond issuance in fiscal year 2015 in Japan. The issue is rated A3 by Moody’s and A by JCR.
SMBC Nikko Securities Inc., Daiwa Securities Co. Ltd. and HSBC Securities (Japan) Limited, Tokyo Branch are appointed as Joint Lead Managers whilst BNP Paribas Securities (Japan) Limited and Mizuho Securities Co., Ltd. are the Managers.
Mr. Odie Lee, Maybank’s Group Corporate Treasurer commented “Maybank is proud to be able to access one of the largest bond markets in the world, and to gain the confidence of the Japanese investors. Maybank will remain committed to the Japanese capital market in sourcing its funding needs going forward, and will continue to strengthen the collaboration with the financial institutions there”.