CreditSights sees Maybank's new USD bonds pricing tighter than initial guidance

CreditSights has estimated fair value for Malayan Banking Bhd's (Maybank) proposed new US dollar senior notes that is tighter than the initial price guidance. The research firm believes the three-year floating-rate note could price at SOFR plus 58 basis points and the five-year fixed-rate bond at Treasury plus 55 basis points. This assessment is based on Maybank's strong credit profile and comparisons with its existing bonds and those of regional peers.