KUALA LUMPUR: Hong Leong Bank Bhd
(HLB) has issued RM500 million in nominal value of green medium-term notes (Green Senior MTN), pursuant to its multi-currency RM10 billion in nominal value medium-term notes programme.
In a filing with Bursa Malaysia today, HLB said the Green Senior MTN has a five-year tenure, with a coupon rate of 3.80 per cent per annum and a coupon payment period of six months.
It said that RAM Rating Services Bhd had provided an "AAA” rating for the notes.
"The proceeds from the Green Senior MTN shall be utilised for purposes that meet the criteria as set out in the HLB Green Bond Framework,” it added.
HLB said the Green Bond framework was established on Feb 20, 2022, and revised in April 2022 in accordance with the ASEAN Green Bond Standards issued by the ASEAN Capital Markets Forum in November 2017. - Bernama
