RHB’s senior notes issuance done

In a filing to Bursa Malaysia, the bank said the senior notes, rated A3 by Moody’s Investors Service Inc, were priced at five-year US Treasury +78 basis points or a yield of 1.66% and will pay a coupon of 1.658% per annum.

KUALA LUMPUR: RHB Bank Bhd has completed the issuance of its US$500mil (RM2.08bil) senior unsecured notes, the fourth issuance under its US$5bil (RM20.76bil) euro medium term note programme which was established on Sept 23, 2014.

In a filing to Bursa Malaysia, the bank said the senior notes, rated A3 by Moody’s Investors Service Inc, were priced at five-year US Treasury +78 basis points or a yield of 1.66% and will pay a coupon of 1.658% per annum.