RHB Bank’s US$300m bond oversubscribed by over 6 times

KUALA LUMPUR: RHB Bank Bhd’s US$300 million (RM1.2 billion) five-year senior unsecured notes were oversubscribed by more than six times.

This marks the third issuance of the bank’s US$5 billion Euro Medium Term Note Programme (EMTN Programme).

RHB Bank said in a statement yesterday its order book at the final price guidance stood at more than US$1.8 billion, implying an oversubscription of over six times from 114 accounts.

The EMTN programme was established on September 23 2014.

“We are pleased with the strong interest in our US$300 million bond issue, which is able to attract interest from a diverse investor base across Asia and Europe. The pricing level reflects the strong confidence from the global investment community in RHB Bank as well as the overall investor sentiment towards Malaysia,” RHB Banking Group managing director Datuk Khairussaleh Ramli said.

RHB Bank said the strong demand allowed it to tighten guidance to 128 basis points over fiveyear United States Treasury at a yield of 3.766 per cent per year.