KUALA LUMPUR: Hong Leong Bank Bhd
(HLB) has issued RM900 million in nominal worth of Basel III-compliant Additional Tier 1 Green Capital Securities, pursuant to its multi-currency Additional Tier 1 capital securities programme.
In a submitting with Bursa Malaysia at this time, it mentioned proceeds from the issuance of the Green Capital Securities shall be utilised for functions that meet the factors as set out within the HLB Green Bond Framework, which was established by HLB on Feb 20, 2022 and revised in April 2022.
This was in accordance with the Asean Green Bond Standards issued by the Asean Capital Markets Forum in November 2017 and revised in October 2018 and the Green Bond Principles issued by the International Capital Market Association in June 2021.
Some of the salient phrases of the Green Capital Securities embody distribution cost interval of six months and the optionally available redemption date is April 29, 2027, and each distribution cost date thereafter.
The Green Capital Securities is rated A1 by RAM Services Bhd.
For additional particulars on the issuance, confer with the Principal Terms and Conditions, Other Terms and Conditions, Pricing Supplement and the HLB Green Bond Framework which can be found on HLB’s web site. – Bernama
