KUALA LUMPUR: Hong Leong Financial Group Bhd
(HLFG) has lodged a RM5 billion commercial papers (CP) programme with the Securities Commission Malaysia under the lodge and launch framework.
In a filing with Bursa Malaysia, HLFG said proceeds from the CP issuance would be used for on-lending and investments in its subsidiaries, working capital, general investments, corporate purposes, and refinancing existing financing obligations or CPs issued under the programme.
"The CP programme has been assigned a P1 rating by RAM Rating Services Bhd,” it said.
Hong Leong Investment Bank Bhd is the principal adviser, lead arranger, lead manager, and facility agent for the programme. - Bernama
