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 the process by asking relationship banks to respond with proposals for a specific structure. These banks include Barclays, Deutsche, HSBC, JPMorgan, Morgan Stanley and Salomon Smith Barney.
The last time Maybank sought proposals...
