JPMorgan Chase & Co. announced on Wednesday its plans to grow its commercial bank in Malaysia in 2010 and boost the number of employees heading its treasury services operations within a time period of three years.

In addition, the bank is revealed to have concluded with the integration of its in-country treasury management services and core infrastructure in line with the US$1 billion global investment announced in 2008.

"We look forward to further growing our commercial bank in 2010," Clement Chew, the senior country officer in Malaysia, posted in a statement.

It is reported that the price guidance on the fixed and floating rate notes is 130 basis points over swap.

JP Morgan Australia is lead manager, with ANZ Bank, Commonwealth Bank, National Australia Bank and Westpac acting as co managers.