KUALA LUMPUR: Affin Group made its debut in the US dollar bond market with the issuance of the senior unsecured notes with a nominal value of US$300mil under its US$2bil euro medium term note (EMTN) programme.
The bank said in a statement that the issuance followed the establishment of the EMTN programme and Affin’s recent inaugural international credit rating of A3 (stable) from Moody’s Investor Services, Inc.
“The notes were priced at 105 basis points (bps) over the five-year US Treasury yield, offering a fixed rate of 5.112% per annum and rated A3 (stable) by Moody’s Investor Services Inc, affirming the bank’s robust credit profile and stable outlook. The issuance attracted strong global demand, with the final order book exceeding US$1bil across 67 investor accounts, representing 3.5 times oversubscription,” it said.
