KUALA LUMPUR (July 18): CIMB Group Holdings Bhd s subsidiary CIMB Bank Bhd has proposed to issue US$20 million (about RM84.11 million) worth of bonds under CIMB Bank’s US$5 billion Euro Medium Term Note Programme (EMTN).
In a fling with Bank Negara Malaysia’s (BNM) Fully Automated System for Issuing/Tendering (FAST) website on Friday (July 16), CIMB Investment Bank Bhd, which is facilitating the bond sale, said CIMB Bank’s US$20 million scheme pays investors an interest rate of 1.35% a year.
CIMB Investment Bank said the five-year US$20 million scheme, which will be issued on Wednesday (July 21, 2021), will mature on July 21, 2026.
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