Alliance Bank has completed the issuance of RM150 million Additional Tier 1 Capital Securities this follows the bank’s Capital Securities Programme of up to RM1 billion in nominal value.
The Capital Securities will qualify as Basel III compliant Additional Tier 1 regulatory capital of Alliance Bank in accordance with the Capital Adequacy Framework. Alliance Bank said the approval from BNM for the issuance of Capital Securities had been obtained on 1 March 2022.
Tenure is Perpetual Non-Callable Five-years, while the call date is 30 June 2027 and thereafter on every distribution payment date with distribution rate at 5.50% per annum. RAM has given the securities a BBB1 rating.
