CIMB prices successful bond issue

Malaysia''s CIMB makes its debt market debut with a M$600 million NCD issue.

After an extensive 10-day roadshow, Malaysias Commerce International Merchant Bankers CIMB came to market with a well-received M$600 million $157.9 million negotiable certificate of deposit NCD deal. Although the bank has been involved in the local debt market in a lead manager capacity for other companies, this was actually CIMBs first time as an issuer.

With the notes carrying a maturity of 10 years, the deal set another precedent by being the longest-dated NCD transaction to come...

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