KENANGA

0.860

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OTHERS KENANGA INVESTMENT BANK BERHAD ISSUANCE OF ADDITIONAL TIER 1 CAPITAL SECURITIES ("AT1CS") UNDER THE AT1CS PROGRAMME OF UP TO RM500.0 MILLION IN NOMINAL VALUE ("AT1CS PROGRAMME")

KENANGA INVESTMENT BANK BERHAD

Type Announcement
Subject OTHERS
Description
KENANGA INVESTMENT BANK BERHAD

ISSUANCE OF ADDITIONAL TIER 1 CAPITAL SECURITIES ("AT1CS") UNDER THE AT1CS PROGRAMME OF UP TO RM500.0 MILLION IN NOMINAL VALUE ("AT1CS PROGRAMME")

We refer to our earlier announcement made on 11 June 2025 in respect of the establishment of the AT1CS Programme by Kenanga Investment Bank Berhad (“the Company”).

 

We wish to announce that the Company had on 22 August 2025 issued the first (1st) tranche of the AT1CS of RM40.0 million under the AT1CS Programme.

 

The salient terms of the first (1st) tranche of the AT1CS are as follows:

 

Issuer

Kenanga Investment Bank Berhad

Issue Date

22 August 2025

Nominal Value

RM40,000,000.00

Tenure

Perpetual (Non-Callable Five (5) Years)

Call Date

22 August 2030

Maturity Date

Not Applicable

Coupon Rate

5.75% per annum

Details on Utilisation of Proceeds

The Company shall utilise the proceeds from the AT1CS for capital expenditure, working capital requirements, the refinancing and/or settlement of existing financing or indebtedness, and/or for other general corporate purposes of the Company.

Rating

Not rated

 

This announcement is dated 22 August 2025.






Announcement Info

Company Name KENANGA INVESTMENT BANK BERHAD
Stock Name KENANGA
Date Announced 22 Aug 2025
Category General Announcement for PLC
Reference Number GA1-22082025-00032