Strong demand for RHB Bank notes


RHB Banking group managing director Datuk Khairussaleh Ramli said:

PETALING JAYA: RHB Bank Bhd’s five-year US$300mil-nominal value senior unsecured notes have been oversubscribed by more than six times, with a final price guidance orderbook of over US$1.8bil.

The strong demand allowed RHB Bank to tighten guidance to 128 basis points over five-year US Treasury at a yield of 3.766% per annum, representing the tightest credit spread for a South-East Asia/South Asia issuance to date.

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