RHB raises $300m ahead of merger

The Malaysian bank shores up funds amid active merger discussions with CIMB and Malaysia Building Society.

RHB raises $300m ahead of merger

RHB Bank sold a $300 million five-year bond on Monday, the third dollar-denominated offering over the value of $100 million from a Malaysian borrower so far this year.

The Reg S-registered note ended up pricing 15bp tighter than its initial price offering of Treasuries plus 145bp area, riding on the rarity factor and the positive momentum gathered from its potential merger with CIMB and Malaysia Building Society.

If successful, the merger...

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