By Aleesia Forni
Columbus, Ohio, May 15 - Malaysia's RHB Bank Bhd. priced $300 million 3¼% five-year senior unsecured notes (A3/BBB+/) at Treasuries plus 255 bps, or 99.675, to yield 3.321%, according to a syndicate source.
The notes were issued under the Kuala Lumpur-based bank's $500 million euro medium-term note program.
Proceeds will be used for working capital and other general corporate purposes.
Bank of America Merrill Lynch, Citigroup and RHB Investment Bank Bhd. were the bookrunners for the issue.
| Issuer: | RHB Bank Bhd.
|
| Issue: | Senior unsecured notes
|
| Amount: | $300 million
|
| Maturity: | May 11, 2017
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup, RHB Investment Bank Bhd.
|
| Coupon: | 3¼%
|
| Price: | 99.675
|
| Yield: | 3.321%
|
| Spread: | Treasuries plus 255 bps
|
| Trade date: | May 8
|
| Settlement date: | May 11
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB+
|
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