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Hong Leong Bank Sells 640 Million Ringgit Bonds

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Hong Leong Bank (KLSE:HLBANK) issued 640 million ringgit of bonds divided into two tranches, according to a Friday Malaysian bourse filing.

The issue comprised 350 million ringgit of 10-year bonds carrying an interest rate of 3.9% per annum, and 290 million ringgit of 12-year bonds carrying a 4% interest rate.

The call dates for the two tranches will be June 26, 2031, and June 27, 2033, respectively.

The bonds were issued under the lender's multi-currency tier 2 subordinated bond program.

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