By Susanna Moon
Chicago, April 16 – RHB Capital Bhd. said wholly owned subsidiary RHB Investment Bank Bhd. closed the issue of RM 200 million 4.95% 10-year subordinated notes.
The subordinated notes will qualify as tier 2 capital of the bank under the capital adequacy framework issued by Bank Negara Malaysia in 2012, according to a company notice.
Proceeds will be used for working capital and general banking purposes.
RHB Capital is a Kuala Lumpur, Malaysia-based financing firm.
| Issuer: | RHB Bank Bhd.
|
| Issue: | Subordinated notes
|
| Amount: | RM 200 million
|
| Tenor: | 10 years
|
| Coupon: | 4.95%
|
| Call option: | After five years
|
| Settlement date: | April 16
|
| Rating: | RAM Rating Services Bhd.: AA3
|
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