CIMB prices inaugural bond

Small tier 2 deal helps the bank manage its capital more efficiently.
March 31, 2004

One of Malaysia's leading merchant banks, CIMB (Moodys Baa3 Stable, Fitch BBB Stable), yesterday priced its inaugural tier 2 bond. At $100 million the deal was on the small side and leads Morgan Stanley and CIMB did well to counter the liquidity premium that such small deal usually demands.

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