Eon Bank to launch debut sub debt offering

Malaysia''s Eon Bank is expected to begin roadshows for a $150 million issue next week.

Malaysia's sixth largest lender, Eon Bank Berhad has mandated ING for a $150 million issue that is expected to be launched next week. The deal is slated to be a lower tier 2 offering with a 10 non-call five structure.

ING's position as lead manager is hardly a surprise given that the Dutch bank advised Eon on its back door listing on the KLSE in 2001.

Roadshows are expected to incorporate both Asia and Europe....

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