OTHERS RHB BANK BERHAD ("RHB BANK") RM3.0 Billion Medium Term Note Programme ("MTN Programme") for the issuance of Subordinated Notes and/or Senior Notes - Proposed revisions to the principal terms and conditions in respect of subordinated notes to be issued in the future under the MTN Programme (the "Proposed Revision")

RHB CAPITAL BERHAD
Type Announcement
Subject OTHERS
Description RHB BANK BERHAD ("RHB BANK")
RM3.0 Billion Medium Term Note Programme ("MTN Programme") for the issuance of Subordinated Notes and/or Senior Notes
- Proposed revisions to the principal terms and conditions in respect of subordinated notes to be issued in the future under the MTN Programme (the "Proposed Revision")
RHB Capital is pleased to announce that its wholly-owned subsidiary, RHB Bank had on 10
January 2014 submitted to the Securities Commission Malaysia, the relevant notification and documentation in relation to the Proposed Revision, including the duly executed amended and restated trust deed and addendum to the information memorandum for the MTN Programme. RHB Bank had obtained approval from Bank Negara Malaysia ("BNM") on 30 August 2013 to amend the principal terms and conditions ("PTC") of the subordinated notes to be issued in future under the MTN Programme to comply with the regulatory requirements of Tier-2 capital instruments as set out in the Capital Adequacy Framework (Capital Components) issued by BNM on 28 November 2012 ("Capital Adequacy Framework"), also commonly referred to as "Basel III". The Proposed Revision will enable future issuances of subordinated notes to be in compliance with the requirements under the Capital Adequacy Framework and hence qualify as Tier-2 capital of RHB Bank.
In this regard, RAM Rating Services Berhad ("RAM Ratings") as the rating agency for the MTN Programme, had confirmed via its letter dated 26 July 2013 that the Proposed Revision has no impact on the current ratings of AA2 (senior notes) and AA3 (subordinated notes) for the MTN Programme. In addition, consent for the Proposed Revision had been obtained from Malaysian Trustees Berhad (the then trustee for the MTN Programme) on 26 August 2013.
This announcement is dated 10 January 2014.

Announcement Info

Company Name RHB CAPITAL BERHAD
Stock Name RHBCAP Date Announced 10 Jan 2014
Category General Announcement
Reference No RC-140110-34546

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