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Malaysia's RHB Capital to issue RM 500 million of debt
By Reshmi Basu
New York, Aug. 4 - RHB Capital Bhd. said it plans to issue a total of RM 500 million of debt.
The bank plans to issue RM 150 million under its commercial paper and medium-term note program and another issuance of RM 350 million of fixed-rate bonds.
The fixed-rate bonds will be issued by Sept. 30. The RM 150 million offering of commercial paper will have a maturity of up to seven years.
Proceeds will be used to refinance existing borrowings and for capital requirements.
ABN Amro has been appointed as the adviser for the program.
Kuala Lumpur, Malaysia-based RHB Capital is a fully integrated financial services group.
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