KUALA LUMPUR, April 25 – Hong Leong Bank Bhd has received an approval and authorisation from the Securities Commission for a proposed Multi-Currency Subordinated Notes Programme of up to RM10 billion. In a statement Friday, Hong Leong Bank said the proceeds from the programme would be utilised for working capital, general banking and other corporate purposes, and the refinancing of any existing borrowings incurred, subordinated debt issued by the bank and/or any existing Sub-Notes issued under the Programme. Hong Leong Investment Bank Bhd is the Principal Adviser and Lead Arranger for the Programme, the statement said.
