Malaysia's RHB Capital plans to issue up to RM 1.1 billion of notes

By Angela McDaniels

Tacoma, Wash., Dec. 11 - RHB Capital Bhd. said its proposed issue of up to RM 1.1 billion of securities under a new commercial paper/medium-term note program was approved by the Malaysian Securities Commission.

Approval from Bank Negara Malaysia is still pending, according to a company news release.

Notes issued under the program will have a tenor of one to seven years.

RHB Investment Bank Bhd. will be the lead arranger.

Proceeds will be used to repay existing borrowings, for working capital or for capital expenditures or investments.

RHB Capital is a Kuala Lumpur-based financing firm.

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