RHB Bank Bhd has established a multi-currency commercial papers (CP) programme and a multi-currency Islamic commercial papers programme based on the Shariah principle of Murabahah, with a combined aggregate limit of up to RM5 billion (or its equivalent in other currencies).
The programmes, lodged with the Securities Commission Malaysia (SC) under its Lodge and Launch Framework, will provide the bank with flexibility to issue CPs and Sukuk Murabahah in various currencies, including the ringgit.
Proceeds from conventional CP issuances will be used by RHB Bank and its subsidiaries for working capital, general banking purposes and refinancing of existing borrowings. Meanwhile, proceeds from Sukuk Murabahah issuances will be channelled towards Shariah-compliant purposes, including Islamic financing disbursements, investments in Islamic money market instruments, and refinancing of Islamic facilities.
RHB Bank added that the programmes also allow for the issuance of Sustainability CPs and Sustainability Sukuk Murabahah, aligned with its Sustainability Sukuk and Bond Framework and global best practices such as the ASEAN Green, Social and Sustainability Bond Standards, as well as the International Capital Market Association’s Green and Social Bond Principles.
RHB Investment Bank Bhd has been appointed as the principal adviser, lead arranger, and lead manager for the programmes.
