Thursday, March 10, 2011

Hong Leong Bank gets SC nod to issue up to USD300m bonds

KUALA LUMPUR: HONG LEONG BANK BHD [] has received approval for its proposed issue of up to US$300 million senior unsecured bonds from the Securities Commission.

'The proceeds from the issuance of the senior bonds will be used for working capital and general banking purposes,' it said on Thursday, March 10.

Barclays Bank PLC, The Royal Bank of Scotland plc and Standard Chartered Bank are joint lead managers and bookrunners for the senior bonds.

CIMB Investment Bank Bhd and Hong Leong Investment Bank Bhd have been appointed co-managers.

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