| Exercise Sequence |
Embedded Option Type |
Redemption Currency |
Effective Date |
End Date |
Redeem Condition |
| 1 |
Call |
MYR |
8 Jul 2019 |
5 Jul 2024 |
10 years non-callable 5 years
First call date is 8 July 2019
Early Redemption:
For the Subordinated Debt where Call Option is applicable, the Issuer may, at its sole discretion, and subject to:
(i) prior approval of BOT; and
(ii) submission to the BOT, redemption and substitution plans at least thirty (30) days prior to the Call Date;
redeem and cancel the Subordinated Debt in whole but not in part on the Call Date at its nominal value (together with all deferred and accrued but unpaid interest (if any), under the Subordinated Debt). The optional redemption by the Issuer of the Subordinated Debt of one tranche does not trigger the redemption of the Subordinated Debt in other tranches.
This is provided that (i) the redemption and substitution plans will include, if required, the issuance, either immediately or before the redemption, of financial instruments of equivalent or superior quality in substitution for the Subordinated Debt to be redeemed; and (ii) if required, the issuance of these substitute instruments will not affect the Issuer's ability to perform its business operation.
If the Subordinated Debt no longer fully qualify as Tier 2 capital of the Issuer for the purposes of BOT’s capital adequacy requirements under any regulations applicable to the Issuer or at any time there is more than an insubstantial risk that the Subordinated Debt will no longer qualify as such, the Issuer, may at its option, to the extent allowed by applicable laws and subject to the approval from BOT, redeem the Subordinated Debt (in whole but not in part) at its nominal value (together with all deferred and accrued but unpaid interest (if any), under the Subordinated Debt). |
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Vision & Mission
