KUALA LUMPUR (Sept 30): Hong Leong Bank Bhd (KL:HLBANK) has issued RM500 million worth of green senior medium-term notes (MTNs) under its RM10 billion multi-currency programme.
The RM500 million green senior MTNs have a five-year tenure with a coupon rate of 3.8% per annum, payable semi-annually, Hong Leong's bourse filing showed. The notes have been rated “AAA” by RAM Rating Services Bhd.
Hong Leong said proceeds from the issuance will be used for purposes that meet the criteria set out in the Hong Leong Green Bond Framework, which was established in February 2022 and revised in April 2022.
The bank added the framework adheres to the Asean Green Bond Standards issued by the Asean Capital Markets Forum and the Green Bond Principles by the International Capital Market Association.
Shares of Hong Leong settled 28 sen or 1.28% lower at RM21.56 on Monday, valuing the bank at RM44.99 billion. Year-to-date, the counter has appreciated over 15%.