PETALING JAYA: Alliance Bank Malaysia Bhd
has raised RM400mil from the capital market.
In a filing with Bursa Malaysia, the bank noted it raised RM200mil in additional tier 1 capital pursuant to its additional tier 1 capital securities programme of up to RM1bil. The capital securities are for a tenure of seven years and have a distribution rate of 4.18%.
The remaining RM200mil was raised from subordinated medium-term notes (MTN) pursuant to ABMB’s subordinated MTN programme of up to RM2bil. The MTN has a tenure of 15 years and non-callable for 10 years. It has a coupon rate of 4.04%.
"The capital securities and subordinated MTN will qualify as Basel III compliant additional tier 1 and tier 2 regulatory capital of ABMB, respectively, in accordance with the Capital Adequacy Framework issued by Bank Negara on June 14, 2024," the bank stated in its filing.
