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Alliance Bank secures RM400mil from capital market

The Star·11/07/2025 09:46:00
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PETALING JAYA: Alliance Bank Malaysia Bhd has raised RM400mil from the capital market.

In a filing with Bursa Malaysia, the bank noted it raised RM200mil in additional tier 1 capital pursuant to its additional tier 1 capital securities programme of up to RM1bil. The capital securities are for a tenure of seven years and have a distribution rate of 4.18%.

The remaining RM200mil was raised from subordinated medium-term notes (MTN) pursuant to ABMB’s subordinated MTN programme of up to RM2bil. The MTN has a tenure of 15 years and non-callable for 10 years. It has a coupon rate of 4.04%.

"The capital securities and subordinated MTN will qualify as Basel III compliant additional tier 1 and tier 2 regulatory capital of ABMB, respectively, in accordance with the Capital Adequacy Framework issued by Bank Negara on June 14, 2024," the bank stated in its filing.