Malaysia's RHB Bank gets OK for up to RM 3 billion multicurrency MTNs

By Marisa Wong

Madison, Wis., July 7 - RHB Capita Bhd. announced that its wholly owned subsidiary, RHB Bank Bhd., received approval from the Malaysia Securities Commission to issue up to RM 3 billion of senior and/or subordinated notes under a multicurrency medium-term note program.

The multicurrency MTN program will have a tenor of up to 20 years from the date of first issuance. The bank may issue senior notes with maturities ranging from one to 20 years or subordinated notes with maturities of 10 to 20 years and callable after five years.

Proceeds will be used for general working capital and other corporate purposes, as well as for repayment of borrowings.

RHB Bank is a lender based in Kuala Lumpur, Malaysia.

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