Update : May 01, 2014
[Tokyo Stock Exchange, Inc.]
Today, Tokyo Stock Exchange approved a program listing application from Malayan Banking Berhad (http://www.maybank.com/en/investor-relations.page) for listing on the professional-oriented TOKYO PRO-BOND Market.
It is the first case that a Southeast Asian issuer listed a program on TOKYO PRO-BOND Market.
Malayan Banking Berhad has listed its program information allowing the company to issue individual bonds with a total maximum value of USD 5.0 billion within a one-year period (May 1, 2014 to April 30, 2015). The details of Malayan Banking Berhad’s Program Information can be found on TOKYO PRO-BOND Market website (http://www.tse.or.jp/english/rules/probond/publication-company/latest-publication.html).
TSE has been actively contributing to the ASEAN+3 Bond Market Forum (ABMF) since it was established as part of a platform to harmonize rules for bond issuance and trading, and effectively channel savings toward cross border investment within the region. We are glad to welcome Malayan Banking Berhad as the first bond issuer from the ASEAN region on TOKYO PRO-BOND Market and will continue to promote the market.
TOKYO PRO-BOND Market was established in March 2012 as a professional-oriented bond market based on the "Professional-oriented Market Rules" introduced in an amendment to the Financial Instruments and Exchange Act in 2008. The market implements program listing, the standard form of corporate bond issuance in overseas markets, and English-only information disclosure. Program listing refers to a system where the fund-raising issuer registers the possible issuance amount, basic information, and financial information on TOKYO PRO-BOND Market as program information, following which it is able to issue bonds as needed within the estimated issuance amount. The market's highly flexible rules offer efficient bond issuance through simplified disclosure documents, and convenient formal requirements, such as acquiring a credit rating as the listing eligibility requirements for program information and individual bonds and securing a lead underwriter(s) specified by the exchange. From March 2012 to May 1, 2014, including Malayan Banking Berhad’s program, 8 program listings have been made.
Tokyo Stock Exchange, Inc.
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