trending Market Intelligence /marketintelligence/en/news-insights/trending/uf76lE7WGwmHjSDo9BPajw2 content esgSubNav
In This List

Kenanga Investment Bank to issue up to 250M ringgit of notes

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Kenanga Investment Bank to issue up to 250M ringgit of notes

Kenanga Investment Bank Bhd. plans to issue up to 250 million ringgit of subordinated notes.

The notes will qualify as Basel III-complaint Tier 2 capital of the bank, according to a March 27 release. The notes will be issued under the lender's subordinated note program.

Proceeds from the issuance will be used to support investments into the bank's subsidiaries, as well as other working capital and corporate purposes.

As of March 24, US$1 was equivalent to 4.43 Malaysian ringgit.