Investor Relations


The Affin Bank Group is a financial services conglomerate. The Group's activities focus on commercial, Islamic and investment banking services, money broking and underwriting of life and general insurance business.

Others

Type Announcement
Subject OTHERS
Description

AFFIN HOLDINGS BERHAD ("AFFIN" or the "Company") ESTABLISHMENT OF A MEDIUM TERM NOTES ("MTN") PROGRAMME OF UP TO RM6.0 BILLION IN NOMINAL VALUE FOR THE ISSUANCE OF SUBORDINATED MTN AND/OR SENIOR MTN BY AFFIN BANK BERHAD ("MTN PROGRAMME")

On behalf of the Board of Directors of AFFIN, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) and Maybank Investment Bank Berhad (“Maybank IB”) are pleased to announce that AFFIN Bank Berhad (“AFFIN Bank”), the wholly-owned subsidiary of AFFIN, has on 7 February 2017 issued RM1,000,000,000 of Subordinated MTN under the MTN Programme. The Subordinated MTN was issued with tenure of 10 years from the issue date on a 10 non-callable 5 basis.

AFFIN Bank, had on 6 January 2017 lodged with Securities Commission Malaysia all the required information and relevant documents relating to the MTN Programme pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework effective 15 June 2015.

The MTN Programme will give AFFIN Bank the flexibility to raise funds via issuance of Subordinated MTN and/or Senior MTN from time to time which can be utilized amongst others, for general banking, working capital requirements and business purposes of AFFIN Bank. The Senior MTN and Subordinated MTN had been assigned ratings of AA3 and A1 respectively, by RAM Rating Services Berhad.

Affin Hwang IB and Maybank IB are the Joint Principal Advisers and Joint Lead Arrangers while Affin Hwang IB, Maybank IB and AmInvestment Bank Berhad are Joint Lead Managers for the MTN Programme.

This announcement is dated 7 February 2017.





Announcement Info

Company Name AFFIN HOLDINGS BERHAD
Stock Name AFFIN
Date Announced 07 Feb 2017
Category General Announcement for PLC
Reference Number GA1-07022017-00071