RHB Bank Completes RM410 Mln Tier 2 Notes Issuance

KUALA LUMPUR, June 30 (Bernama) -- RHB Bank Bhd has completed the issuance of RM410 million in Tier 2 (T2) Notes under its Note Programme.

The bank said in a Bursa Malaysia filing today that the T2 Notes, issued on June 30, 2026, carry a tenure of 10 non-callable five (10NC5) years and a fixed coupon rate of 3.97 per cent per annum, payable semi-annually in arrears.

The notes, rated AA2 with a Positive outlook by RAM Rating Services Bhd, are callable on the fifth anniversary of the issue date, with the first optional redemption date falling on June 30, 2031, and on any subsequent coupon payment date.

According to RHB Bank, proceeds from the issuance will be utilised to finance the working capital requirements of the bank and its subsidiaries, for general banking purposes and to refinance outstanding borrowings or capital instruments of the bank and its subsidiaries.

The bank said the RM410 million T2 Notes will qualify as Tier 2 capital in accordance with Bank Negara Malaysia's Capital Adequacy Framework (Capital Components) policy document issued on June 14, 2024.

-- BERNAMA