Hong Leong Bank issues RM1bil tier 2 subordinated notes

CEO Lam said HLB remained cautiously optimistic about the business outlook and macroeconomic landscape for the remainder of FY24.

KUALA LUMPUR: Hong Leong Bank Bhd (HLB) has issued RM1bil in nominal value of Tier 2 subordinated notes (HLB Sub-Notes), pursuant to its multi-currency HLB T2 Programme.

In a filing with Bursa Malaysia, the bank said the issuance has a coupon rate of 4.05% per annum, a tenure of 10 years, and is non-callable for five years.