Latest news with #AX28
The Star
6 days ago
- Business
- The Star
Affin Group debuts in US bond market with US$300mil note issue
KUALA LUMPUR: Affin Group made its debut in the US dollar bond market with the issuance of the senior unsecured notes with a nominal value of US$300 million (RM1.27 billion) under its US$2 billion (RM8.46 billion) euro medium term note (EMTN) programme. The bank said in a statement today that the issuance follows the establishment of the EMTN programme and Affin's recent inaugural international credit rating of A3 (Stable) from Moody's Investor Services, Inc. "The notes were priced at 105 basis points (bps) over the five-year US Treasury yield, offering a fixed rate of 5.112 per cent per annum and rated A3 (Stable) by Moody's Investor Services Inc, affirming the bank's robust credit profile and stable outlook. "The issuance attracted strong global demand, with the final order book exceeding US$1 billion across 67 investor accounts, representing 3.5 times oversubscription,' it said. Affin said the distributions geographically comprised 87 per cent to Asia, 11 per cent to Europe, Middle East, and Africa (EMEA), and two per cent to offshore US investors. It said that by investor type, the notes were allocated 72 per cent to asset, fund managers/insurance, 24 per cent to banks, and four per cent to private banks/others. Meanwhile, Affin Group president and group chief executive officer Datuk Wan Razly Abdullah said the bank's debut in the US dollar bond market marks a significant progression in the group's capital markets strategy, drawing strong global investor demand. "The overwhelming response underscores investor confidence in our fundamentals and validates the credibility we have established. "Guided by the Affin Axelerate 2028 (AX28) Plan, the group remains committed to unlocking long-term value through unrivalled customer service, digital leadership and responsible banking with impact,' he added. - Bernama
The Sun
6 days ago
- Business
- The Sun
Affin Group debuts in US bond market with US$300m note issue
KUALA LUMPUR: Affin Group made its debut in the US dollar bond market with the issuance of the senior unsecured notes with a nominal value of US$300 million (RM1.27 billion) under its US$2 billion (RM8.46 billion) euro medium term note (EMTN) programme. The bank said in a statement today that the issuance follows the establishment of the EMTN programme and Affin's recent inaugural international credit rating of A3 (Stable) from Moody's Investor Services, Inc. 'The notes were priced at 105 basis points (bps) over the five-year US Treasury yield, offering a fixed rate of 5.112 per cent per annum and rated A3 (Stable) by Moody's Investor Services Inc, affirming the bank's robust credit profile and stable outlook. 'The issuance attracted strong global demand, with the final order book exceeding US$1 billion across 67 investor accounts, representing 3.5 times oversubscription,' it said. Affin said the distributions geographically comprised 87 per cent to Asia, 11 per cent to Europe, Middle East, and Africa (EMEA), and two per cent to offshore US investors. It said that by investor type, the notes were allocated 72 per cent to asset, fund managers/insurance, 24 per cent to banks, and four per cent to private banks/others. Meanwhile, Affin Group president and group chief executive officer Datuk Wan Razly Abdullah said the bank's debut in the US dollar bond market marks a significant progression in the group's capital markets strategy, drawing strong global investor demand. 'The overwhelming response underscores investor confidence in our fundamentals and validates the credibility we have established. 'Guided by the Affin Axelerate 2028 (AX28) Plan, the group remains committed to unlocking long-term value through unrivalled customer service, digital leadership and responsible banking with impact,' he added.
Malay Mail
22-04-2025
- Business
- Malay Mail
AFFIN Launches "AFFIN 50 Years, 50 Prizes" Golden Jubilee Campaign, Celebrating 50 Years Of ‘Always About You' With RM1 Million Grand Prize
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 22 April 2025 -is celebrating its 50th anniversary with the launch of the ", a year-long celebration rewarding customers with exclusive prizes, strengthening financial literacy, and empowering Malaysians on their financial journey. Running from 1 March 2025 to 31 January 2026, this milestone campaign features, including aThe "invites customers to participate by performing eligible transactions, such as maintaining a minimum Month-End Balance (MEB) of RM5,000 in their AFFIN Current or Savings accounts. With every eligible transaction, customers earn entries for a chance to win."For 50 years, AFFIN has underscored its commitment to strengthening financial resilience, fostering economic growth, and delivering value to our customers wherever they are. The "reflects our dedication to creating opportunities, driving progress, and empowering people with financial solutions that meet their evolving needs. As we look ahead, we remain focused on building a future-ready financial ecosystem that serves a wider community, aligned with the strategic pillars of our AFFIN Axelerate 2028 (AX28) Plan, which are, and."Beyond this flagship campaign, AFFIN is introducing a suite of initiatives tailored to meet the diverse financial needs of its customers, including, the, the, and many more to be launched throughout the year. These initiatives are spearheaded by AFFIN's key business divisions such as Deposit Business, Cards, Personal Financing, Mortgage, Auto Finance, Corporate Banking, Enterprise Banking and Wealth Management, in collaboration with Affin Hwang Investment Bank more about how customers can benefit from the "and start earning rewards today by visiting or following @Affinmy on social #affinbank The issuer is solely responsible for the content of this announcement. About AFFIN Group Incorporated on 23 October 1975, AFFIN Group proudly commemorates its 50th anniversary in 2025, a milestone that reflects five decades of steadfast dedication to growth, innovation, and financial excellence, all in line with its vision to be the Most Creative and Innovative Financial Company in Malaysia. Affin Bank Berhad operates as the financial holding entity of Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad and Affin Moneybrokers Sdn Bhd. Generali Insurance Malaysia Berhad and Generali Life Insurance Malaysia Berhad are affiliated companies of Affin Bank Berhad. AFFIN Group provides an array of financial products and services catering to individual, enterprise, commercial, and corporate clients. The focus market segments are categorised under essential business units such as Community Banking, Enterprise Banking, Corporate Banking, Treasury, and Investment Banking. For more information, please visit
