Strong demand for RHB Bank notes
“We are pleased with the strong interest in our US$300mil bond issue, which is able to attract interest from a diverse investor base across Asia and Europe. “The pricing level reflects the strong confidence from the global investment community in RHB Bank, as well as the overall investor sentiment towards Malaysia,” said RHB Banking Group managing director Datuk Khairussaleh Ramli
PETALING JAYA: RHB Bank Bhd’s five-year US$300mil-nominal value senior unsecured notes have been oversubscribed by more than six times, with a final price guidance orderbook of over US$1.8bil.
The strong demand allowed RHB Bank to tighten guidance to 128 basis points over five-year US Treasury at a yield of 3.766% per annum, representing the tightest credit spread for a South-East Asia/South Asia issuance to date.
The issuance of the senior notes is expected to be completed by Feb 19, 2019 and will be listed on the Singapore Exchange Securities Trading Ltd and Labuan International Financial Exchange Inc.
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