The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: RHB Bank Bhd has com­pleted its sec­ond is­suance of US$500 mil­lion (RM2.1 bil­lion) se­nior un­se­cured notes in nom­i­nal value of its US$5 bil­lion Euro Medium Term Note (EMTN) Pro­gramme. In a fil­ing with Bursa Malaysia yes­ter­day, the bank said that the is­suance rep­re­sents the low­est­ever coupon for a US dol­lar five-year bond achieved by RHB Bank and low­est coupon rate for a public US dol­lar fiveyear bond by any Malaysian is­suer since Jan­uary 2013. “The se­nior notes are ex­pected to be listed on the Sin­ga­pore Ex­change Se­cu­ri­ties Trad­ing Lim­ited and Labuan In­ter­na­tional Fi­nan­cial Ex­change Inc,” it said. The trans­ac­tion was 3.8 times over­sub­scribed with in­ter­est from a di­verse in­vestor base across Asia and Europe. The net pro­ceeds from the is­suance of the se­nior notes will be utilised by RHB Bank for gen­eral work­ing cap­i­tal pur­poses.

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