Alliance Bank bond is twice subscribed

Malaysia's smallest lender offers a big domestic bond - and fills its books within two days.

Alliance Bank Malaysia Bhd, the the country's smallest lender, says its M$600 million $166 million million Tier II subordinated bond issue has been subscribed over two times.

In a statement on May 18, Alliance Bank said the issue was allocated to 22 investors, with 53% going to insurers, 27% government agencies, 9% funds, 8% private banking and 3% financial institutions.

The bonds have a 10 year maturity with a call from the fifth anniversary of the issue date. They were...

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