Hong Leong Investment Bank Berhad has on behalf of Hong Leong Bank Berhad, lodged with the Securities Commission Malaysia a multi-currency medium-term notes Programme for the issuance of Senior MTN of up to RM10 billion in nominal value.
At the same time, the bank has also issued a multi-currency commercial papers programme for the issuance of commercial papers of up to RM10 billion in nominal value.
HL Bank said the proceeds from the issuances will be utilised for purposes that meet the criteria as set out in its HLB Green Bond Framework and its HLB Sustainability Bond Framework. Other than that it is also for working capital, general banking and other corporate purposes and/or if required, the refinancing of any existing financing obligations.
RAM Rating Services Berhad has assigned an AAA rating for the Senior MTN Programme and a P1 rating for the Senior CP Programme. HLIB is the Principal Adviser, Lead Arranger and Lead Manager for the Senior MTN Programme and the Senior CP Programme.
