Hong Leong Bank issues RM900mil green capital securities

KUALA LUMPUR: Hong Leong Bank Bhd (HLB) has issued RM900 million in nominal value of Basel III-compliant Additional Tier 1 Green Capital Securities, pursuant to its multi-currency Additional Tier 1 capital securities programme.

In a filing with Bursa Malaysia today, it said proceeds from the issuance of the Green Capital Securities shall be utilised for purposes that meet the criteria as set out in the HLB Green Bond Framework, which was established by HLB on Feb 20, 2022 and revised in April 2022.