PBB had on 11 July 2013, announced that it had obtained approvals from Bank Negara Malaysia and the Securities Commission to establish the Sub-Notes Programme.

PBB is pleased to announce that it has issued the eighth (8th) tranche of Sub-Notes amounting to RM2.0 billion under the Sub-Notes Programme as follows:

a)

Issuer

:

Public Bank Berhad

b)

Issue Date

:

7 April 2022

c)

Nominal Amount

:

RM2,000,000,000.00

d)

Tenure

:

10 years non-callable 5 years

e)

Maturity Date

:

7 April 2032

f)

Call Date

:

7 April 2027

g)

Coupon/Interest Rate

:

3.93% per annum

h)

Details of Utilisation of Proceeds

:

The proceeds of the Sub-Notes shall be made available to PBB, without limitation, for its working capital, general banking and other corporate purposes.

i)

Rating

:

RAM Rating Services Berhad has assigned AA1 rating to the Sub-Notes Programme.

The Sub-Notes will qualify as Tier 2 capital for the computation of the regulatory capital of PBB and PBB Group in accordance with the Capital Adequacy Framework (Capital Components) issued by Bank Negara Malaysia.

The issuance of the eighth (8th) tranche of Sub-Notes under the Sub-Notes Programme will not have any effect on the issued and paid-up share capital of PBB and the shareholdings of substantial shareholders of PBB. The issuance is not expected to have any material effect on the earnings of PBB and the PBB Group, the consolidated net assets of the PBB Group and the dividend rate of PBB.

This announcement is dated 7 April 2022.