RHB Bank plans to issue RM5b notes

KUALA LUMPUR: RHB Capital Bhd's unit, RHB Bank, has proposed a multi-currency medium term note programme for the issuance of up to RM5 billion in nominal value of senior notes and/or subordinated notes. RHB Capital said RHB Bank has obtained approval and authorisation from the Securities Commission for the exercise. Proceeds from the exercise will be utilised for RHB Bank's general working capital and other corporate purposes, the group said in a filing to Bursa Malaysia yesterday.