Public Bank to fully redeem RM1b subordinated notes early

PETALING JAYA:Public Bank Bhd announced that it will fully redeem its RM1 billion subordinated notes due Sept 25, 2023 on Sept 25 this year.
“Public Bank wishes to announce that notice of early redemption has been given to the noteholders that Public Bank will fully redeem the RM1 billion 4.80% subordinated notes together with accrued interest on Sept 25, 2018,” the bank said in a filing with the stock exchange today.
The notes were issued on Sept 35, 2013 at a coupon rate of 4.80% per annum.