Malaysia’s Alliance Bank launches RM 4 billion debt issuance programs

By Marisa Wong

Morgantown, W.Va., Sept. 21 – Alliance Financial Group Bhd. announced that its wholly owned subsidiary, Alliance Bank Malaysia Bhd., has established several new debt issuance programs.

The new debt programs include a RM 1.5 billion 30-year senior medium-term note program, a RM 2 billion 30-year subordinated MTN program and a RM 500 million seven-year commercial paper program.

Proceeds will be used for general banking, working capital and business purposes.

Alliance Investment Bank Bhd., a subsidiary of Alliance Bank, is the adviser and lead arranger for the programs.

The Malaysian bank is based in Kuala Lumpur.

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