Maybank revives sub debt plan

The Federation''s largest bank sends out an informal RFP (request for proposals) for a new international subordinated dollar bond.

For the third time in as many years, Maybank is considering raising up to $300 million from the international subordinated debt markets and observers believe there is a high probability it will go ahead with a transaction by the end of May at the latest.

A new treasury team is said to be keen launch a 10 non-call five, lower tier 2 issue and although officials have been canvassing pricing levels for a number of months, they have now accelerated...

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