OSK Investment Bank Bhd has hired OCBC Bank (Malaysia) Bhd and Standard Chartered Bank Malaysia Bhd to arrange the sale of its RM400 million medium-term notes. In addition to being the issuer, OSK Investment Bank also acts as an arranger for the deal.
The programme has a tenure of 12 years from the date of first issue of the subordinated notes and qualify as tier 2 capital of OSK. The notes carry a long-term rating of "A3" (with a positive outlook) from RAM Rating Services Bhd.
OSK Investment Bank has a general bank rating of "A2/P1". The additional capital is required for general corporate and business purposes of OSK Investment Bank, including investments and working capital.
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