HLB issues RM400mil securities

KUALA LUMPUR: Hong Leong Bank Bhd (HLB) has issued RM400mil in nominal value Additional Tier-1 capital securities with a perpetual tenure of five years.

In a filing with Bursa Malaysia, the bank said the proceeds will be used to fulfil Additional Tier-1 capital requirements as per Bank Negara’s capital adequacy framework.

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Hong Leong Bank , issuance , securities

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