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Public Bank redeems RM3b bonds early

Mimi Sabreena 1:30:00 PM Informasi

KUALA LUMPUR (July 14): Public Bank Bhd said it will redeem its RM3 billion bonds due in 2022 on Aug 3, 2017. The bonds have a coupon rate of 4.28% a year.

In a statement to Bursa Malaysia today, Public Bank said it had issued the bonds on Aug 3, 2011. Public Bank said the bonds were due on Aug 3, 2022.

Today, Public Bank said: "PBB (Public Bank) wishes to announce that notice of early redemption has been given to the noteholders that PBB will fully redeem the RM3.0 billion 4.28% subordinated notes, together with accrued interest on 3 August 2017."

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