Maybank announced that it has inaugurated Tokyo Pro-Bond Market offering with a three-year tenor, managing to raise 31.1 billion yen (US$305mil).
It pointed the first Pro-Bond issue out of Maybank s US$5bil multi-currency MTN programme, and is rated A3, A-, A- respectively by Moody s, Standard & Poor s and Fitch Ratings. CrÉditAgricole Corporate and Investment Bank, and Maybank Kim Eng Securities Pte Ltd served as joint book managers.
Maybank group corporate treasurer, Odie Lee commented By establishing a Pro-Bond platform, Maybank has successfully secured a new recurring source of medium- to long-term funding. We have over recent times opened our funding to private placements, and this new access to the Japanese capital markets fits our diversification strategy.
Lender replied very certainly to this pro-bond offering, stated Credit Agricole s Benjamin Lamberg, global co-head of MTNs & private placements, and Junya Fujisaki, head of syndicate Japan. They mentioned that the overall transaction only took two weeks from the first interest expressed by investors to completion.
Maybank KE Securites head of debt capital market, Ka Sing Lee commented This is a milestone transaction for Maybank Kim Eng, and represents our first foray into the Japanese capital markets. We will continue to build on this success and momentum to offer our client access to the Japanese capital markets.