GE15 NEWS   Tuan Ibrahim is opposition leader in Pahang State Assembly | 

RHB Bank issues RM500 mln subordinated notes under MCMTN programme

28/09/2022 06:27 PM

KUALA LUMPUR, Sept 28 (Bernama) -- RHB Bank has issued subordinated notes of RM500 million in nominal value under its multi-currency medium-term note (MCMTN) programme.

It said the subordinated notes, rated AA2 by RAM Rating Services Bhd, are issued for a tenure of 10 non-callable five years with a fixed coupon rate of 4.40 per cent per annum, payable semi-annually in arrears throughout the entire tenure.

 “Proceeds raised from the subordinated notes will be utilised for RHB Bank’s general working capital and other corporate purposes,” it said in a filing with Bursa Malaysia. 

It said the notes would qualify as Tier 2 capital of RHB Bank subject to compliance with the requirements as specified in the Capital Adequacy Framework for Banks (Capital Components) issued by Bank Negara Malaysia on Dec 9, 2020.

 Additionally, it said RHB Bank had fully redeemed its existing RM750 million in nominal value of subordinated notes issued under stock code UN170146 on the first call date, Dec 27, 2022.




BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires;; BERNAMA TV on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on the FM93.9 (Klang Valley), FM107.5 (Johor), FM107.9 (Kota Kinabalu) and RM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy