RHB Bank fully redeems US$500 million senior unsecured notes

RHB Bank Bhd has completed the full redemption of its US$500 million senior unsecured notes, issued under its Euro Medium Term Note (EMTN) Programme.

The move removes a significant tranche of the lender’s offshore obligations from its balance sheet.

While RHB is retiring debt, other regional players are raising fresh capital; Axis Bank recently priced a US$300 million issuance of five-year senior unsecured notes at a fixed coupon of 5.

The redemption reflects routine liability management for the Malaysian financial group.

By retiring this specific issuance, RHB reduces its external debt footprint and associated interest expenses, a standard practice for banks optimizing their funding mix in the current rate environment.

This activity occurs against a backdrop of active capital markets movements across Asia.

While RHB is retiring debt, other regional players are raising fresh capital; Axis Bank recently priced a US$300 million issuance of five-year senior unsecured notes at a fixed coupon of 5.348%.