RHB Bank is seeking to issue up to $996.5 million worth of bonds, Reuters reports. The Malaysian lender has obtained central bank approval for the establishment of a multi-currency medium term note program (MTN).
The term of the program is up to 20 years from the date of first issuance and different notes will have varying maturity periods. The bank and its subsidiaries intend to use the proceeds for general working capital and repayment of borrowings.
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