Public Bank Bhd (PBB) (1295) has proposed to raise RM5 billion for working capital, general banking and other corporate purposes of the group.
In a statement to Bursa Malaysia yesterday, PBB said it has appointed Public Investment Bank Bhd as the principal adviser/lead arranger for the capitals-raising exercise.
It has also appointed Public Investment Bank Bhd, CIMB Investment Bank Bhd and RHB Investment Bank Bhd as the joint lead managers.
The banking group said it has received Bank Negara approval for the proposed issuance of Capital Securities which are stapled to Subordinated Notes under the programme, and to classify the Capital Securities as Tier 1 capital for the computation of the risk-weighted capital ratio of PBB and the PBB Group.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment