KUALA LUMPUR: Affin Holdings Bhd’s unit, Affin Bank Bhd, has issued RM1bil of subordinated medium-term notes (MTNs) to be used for general banking, working capital requirements and business purposes, among others.
In a filing with Bursa Malaysia on Tuesday, Affin Holdings said the subordinated MTNs were issued with a 10-year tenure from the issued date on a 10 non-callable five basis.
“The MTN programme will give Affin Bank the flexibility to raise funds via the issuance of subordinated MTNs and senior MTNs from time to time,” it said.
Affin Holdings said RAM Rating Services Bhd had assigned ‘AA3’ and ‘A1’ ratings on the senior MTNs and subordinated MTNs, respectively.
Affin Hwang IB and Maybank IB are the joint principal advisers and joint lead arrangers, while Affin Hwang IB, Maybank IB and AmInvestment Bank Bhd are joint lead managers for the MTN programme. - Bernama