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Malaysia's RHB Capital redeems RM 375 million bonds
By Laura Lutz
Des Moines, Sept. 19 - RHB Capital Bhd. announced that it had redeemed RM 375 million of its redeemable nominal value serial fixed-rate bonds 2002/2007.
Following bondholder approval, the company fully redeemed RM 125 million of the bonds due Nov. 1, 2006 and RM 250 million of the bonds due Nov. 1, 2007.
The company paid RM 100.30 per RM 100 nominal value of the bonds due 2006 and RM 102.48 per RM 100.00 nominal value of the bonds due 2007.
The redemption was funded with proceeds of the company's RM 350 million issue of fixed-rate bonds, which was announced on Aug. 4.
Kuala Lumpur, Malaysia-based RHB Capital is a financial services group.
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