Monday 9 April 2012

SC approves Hong Leong Bank’s US$1.5 billion bonds

KUALA LUMPUR (April 9) : The Securities Commission has approved HONG LEONG BANK BHD []’s plan to issue up to US$1.5 billion (RM4.61 billion) worth of bonds to finance its working capital needs.

In a statement to the exchange on Monday, Hong Leong said the fund raising instrument comes in the form of euro-denominated medium term notes.

Citigroup Global Markets Ltd, HL Bank, Mitsubishi UFJ Securities International plc and The Royal Bank of Scotland plc are arrangers and dealers for the scheme, according to Hong Leong.



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