By Marisa Wong
Morgantown, W.Va., Sept. 27 – RHB Bank Bhd. said it issued RM 750 million of 4.82% subordinated notes on Wednesday.
The 10-year notes are non-callable for five years.
The subordinated notes will qualify as tier 2 capital of the bank, according to a Bursa Malaysia notice.
Proceeds will be used for general working capital and other corporate purposes.
The bank is based in Kuala Lumpur, Malaysia.
| Issuer: | RHB Bank Bhd.
|
| Issue: | Subordinated notes
|
| Amount: | RM 750 million
|
| Maturity: | 10 years
|
| Coupon: | 4.82%
|
| Call option: | After five years
|
| Settlement date: | Sept. 27
|
| Rating: | RAM Rating Services Bhd.: AA3
|
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