KUALA LUMPUR: HONG LEONG BANK BHD [] has completed the issuance of its inaugural US dollar senior unsecured bonds of US$300 million.
The bank said on Friday, March 18 the proceeds from the issuance of the senior bonds would be used for working capital and general banking purposes. The senior bonds would be listed on the Singapore Exchange.
Hong Leong Bank said the senior bonds were rated A3 by Moody's Investors Service and BBB+ by Fitch Ratings.
The senior bonds will have a tenor of five years, maturing on March 17, 2016. The senior bonds will pay a coupon of 3.75% per annum, which is equivalent to a yield to investors of 3.803% (five-year US Treasury + 65 basis points).
Barclays Bank PLC, The Royal Bank of Scotland plc and Standard Chartered Bank were joint lead managers and bookrunners for the senior bonds. CIMB Investment Bank Bhd and Hong Leong Investment Bank Bhd were co-managers.
The bank said on Friday, March 18 the proceeds from the issuance of the senior bonds would be used for working capital and general banking purposes. The senior bonds would be listed on the Singapore Exchange.
Hong Leong Bank said the senior bonds were rated A3 by Moody's Investors Service and BBB+ by Fitch Ratings.
The senior bonds will have a tenor of five years, maturing on March 17, 2016. The senior bonds will pay a coupon of 3.75% per annum, which is equivalent to a yield to investors of 3.803% (five-year US Treasury + 65 basis points).
Barclays Bank PLC, The Royal Bank of Scotland plc and Standard Chartered Bank were joint lead managers and bookrunners for the senior bonds. CIMB Investment Bank Bhd and Hong Leong Investment Bank Bhd were co-managers.
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