Hong Leong Bank Berhad (“HLB”) has successfully completed its issuance of Tier 2 Subordinated Notes (“Sub Notes”) of RM1.5 billion on 22 June 2012.

Rated AA2 by RAM Rating Services Berhad, The Sub Notes have a maturity date of 12 years from the issue date and are callable on any interest payment date falling on or after the 7th anniversary of the issue date. A semi-annual coupon of 4.50% per annum is payable on the Sub Notes. The exercise of the call option on the Sub Notes shall be subject to the approval of Bank Negara Malaysia.

The net proceeds from the Sub-Notes will be utilised for working capital and general banking purposes.

CIMB Investment Bank Berhad, Hong Leong Investment Bank Berhad and Maybank Investment Bank Berhad are the appointed Joint Principal Advisers, Joint Lead Arrangers and Joint Lead Managers for the Sub Notes.


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