Ample demand for AmBank’s inaugural senior offering

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By Virginia Furness
03 Jul 2014

Rare Malaysian paper from AmBank provided investors with another much needed diversification opportunity on June 26 and strong momentum drove the issue through its comparable’s curve.

AmBank has not been seen in the dollar market since 2006, when it priced a $200m 6.77% perpetual bond, callable in January 2016. But with dollar spreads moving tighter and good demand for Malaysian paper the borrower chose to make its return.

“They set up ...

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