In an announcement yesterday, HLBB said it had issued RM500mil in nominal value of Tier 2 sub-notes pursuant to its multi-currency Tier 2 sub-notes programme. Proceeds from the HLBB sub-notes would be utilised for HLBB
PETALING JAYA: Hong Leong Financial Group Bhd
has issued RM500mil in nominal value of Tier 2 subordinated notes (sub-notes) to finance its subscription of sub-notes issued by its 63.59%-owned subsidiary, Hong Leong Bank Bhd (HLBB).
In an announcement yesterday, HLBB said it had issued RM500mil in nominal value of Tier 2 sub-notes pursuant to its multi-currency Tier 2 sub-notes programme. Proceeds from the HLBB sub-notes would be utilised for HLBB’s working capital, general banking and other corporate purposes.
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