RHB Bank issues RM500m notes

KUALA LUMPUR: RHB Bank Bhd has issued subordinated notes of RM500mil in nominal value under its multi-currency medium-term notes programme.

It said the subordinated notes, rated AA2 by RAM Rating Services Bhd, are issued for a tenure of 10 non-callable five years with a fixed coupon rate of 4.40% per annum, payable semi-annually in arrears throughout the entire tenure.

“Proceeds raised from the subordinated notes will be utilised for RHB Bank’s general working capital and other corporate purposes,” it said in a filing with Bursa Malaysia. — Bernama