Latest news with #RM1.27
The Star
2 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
3 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.
The Star
30-05-2025
- Business
- The Star
Bursa Malaysia lower at midday amid cautious sentiment, heavyweight selling
KUALA LUMPUR: Bursa Malaysia was lower at midday, dragged down by selling in selected utilities, consumer products and services heavyweight counters, amid lingering cautious sentiment surrounding global trade tariffs. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased by 1.30 points, or 0.08 per cent, to 1,517.68 from Thursday's close of 1,518.98. The benchmark index opened 2.24 points higher at 1,521.22, fluctuating between 1,513.42 and 1,522.06 throughout the morning session. On the broader market, decliners thumped gainers 559 to 258, while 363 counters were unchanged, 1,214 untraded and 86 suspended. Turnover stood at 1.55 billion units worth RM1.27 billion. Hong Leong Investment Bank Bhd, in a note today, said sentiment remained fragile amid persistent foreign outflows, earnings headwinds, and speculation over a potential cabinet reshuffle following the resignations of the minister of economy and the minister of natural resources and environmental sustainability. "Adding to the cautious tone are renewed concerns over a tariff-driven global slowdown and ongoing legal tussles surrounding US President Donald Trump's trade policies, which could weigh on market confidence and pressure Malaysia's growth and earnings outlook,' it said. It was reported that Trump's reinstatement of tariffs, upheld by a US appeals court, could eventually be challenged in the Supreme Court to overturn the initial federal court ruling. Among heavyweights, Maybank erased three sen to RM9.84, Tenaga slipped eight sen to RM14.00, while IHH Healthcare was flat at RM6.91. Public Bank increased one sen to RM4.32, and CIMB rose five sen to RM6.93. In active trade, Eco Shop and Nationgate gained six sen each to RM1.25 and RM1.50, respectively. KPJ Healthcare fell by 21 sen to RM2.75, Tanco eased one sen to RM1.03, and Cape EMS shed two sen to 21.5 sen. On the index board, the FBM Emas Index shaved 35.92 points to 11,346.41, the FBMT 100 Index lost 32.18 points to 11,109.83, and the FBM ACE Index decreased 41.40 points to 4,550.76. The FBM Emas Shariah Index slipped 55.84 points to 11,309.99, while the FBM 70 Index sank 136.93 points to 16,195.38. Sector-wise, the Financial Services Index added 13.42 points to 17,906.99, the Industrial Products and Services Index edged down 0.51 of-a-point to 152.51, the Energy Index eased 3.09 points to 705.09, and the Plantation Index fell 11.54 points to 7,282.41. - Bernama
New Straits Times
30-05-2025
- Business
- New Straits Times
Bursa Malaysia lower at midday amid cautious sentiment, heavyweight selling
KUALA LUMPUR: Bursa Malaysia was lower at midday, dragged down by selling in selected utilities, consumer products and services heavyweight counters, amid lingering cautious sentiment surrounding global trade tariffs. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased by 1.30 points, or 0.08 per cent, to 1,517.68 from Thursday's close of 1,518.98. The benchmark index opened 2.24 points higher at 1,521.22, fluctuating between 1,513.42 and 1,522.06 throughout the morning session. On the broader market, decliners thumped gainers 559 to 258, while 363 counters were unchanged, 1,214 untraded and 86 suspended. Turnover stood at 1.55 billion units worth RM1.27 billion. Hong Leong Investment Bank Bhd, in a note today, said sentiment remained fragile amid persistent foreign outflows, earnings headwinds, and speculation over a potential cabinet reshuffle following the resignations of the minister of economy and the minister of natural resources and environmental sustainability. "Adding to the cautious tone are renewed concerns over a tariff-driven global slowdown and ongoing legal tussles surrounding US President Donald Trump's trade policies, which could weigh on market confidence and pressure Malaysia's growth and earnings outlook," it said. It was reported that Trump's reinstatement of tariffs, upheld by a US appeals court, could eventually be challenged in the Supreme Court to overturn the initial federal court ruling. Among heavyweights, Maybank erased three sen to RM9.84, Tenaga slipped eight sen to RM14.00, while IHH Healthcare was flat at RM6.91. Public Bank increased one sen to RM4.32, and CIMB rose five sen to RM6.93. In active trade, Eco Shop and Nationgate gained six sen each to RM1.25 and RM1.50, respectively. KPJ Healthcare fell by 21 sen to RM2.75, Tanco eased one sen to RM1.03, and Cape EMS shed two sen to 21.5 sen. On the index board, the FBM Emas Index shaved 35.92 points to 11,346.41, the FBMT 100 Index lost 32.18 points to 11,109.83, and the FBM ACE Index decreased 41.40 points to 4,550.76. The FBM Emas Shariah Index slipped 55.84 points to 11,309.99, while the FBM 70 Index sank 136.93 points to 16,195.38. Sector-wise, the Financial Services Index added 13.42 points to 17,906.99, the Industrial Products and Services Index edged down 0.51 of-a-point to 152.51, the Energy Index eased 3.09 points to 705.09, and the Plantation Index fell 11.54 points to 7,282.41.
The Star
29-05-2025
- Business
- The Star
Asean green initiatives can generate additional RM300bil by 2030, says Tengku Zafrul
KUALA LUMPUR: Asean could generate an additional US$300bil (RM1.27 trillion) annually in green revenues and unlock up to US$1.5 trillion (RM6.26 trillion) in new value by 2030 with advancing green investments and cross-border collaboration in regional power grids, carbon markets, and clean energy incentives, says Tengku Datuk Seri Zafrul Aziz. The Investment, Trade and Industry Minister said Malaysia's green investment strategy has delivered close to 1,000 approved projects in 2024, channelling RM20.8bil into the economy and creating thousands of future-ready jobs. "We are pushing for key frameworks and regulatory provisions to put our green ambition into action. "These include the Asean Taxonomy for Sustainable Finance, Sustainable Investment Guidelines, and the Greening Value Chain Playbook," he said in his keynote address at the Asean Business Forum 2025 here Thursday (May 29). His speech was delivered by Malaysian Investment Development Authority (MIDA) chief executive officer Sikh Shamsul Ibrahim Sikh Abdul Majid. Tengku Zafrul said there is also the Asean strategy for carbon neutrality, with initiatives such as harmonising carbon markets and measurement standards; advancing carbon capture, utilisation, and storage (CCS/CCUS) technologies; and creating a just transition framework for workers and communities. He said this facilitates the corporate sector's pivot toward sustainable, climate-friendly growth. "Perhaps, the most transformative is the Asean power grid (APG). With 18 cross-border power projects in the pipeline and over 60 renewable energy sites identified, the APG stands as a flagship for Asean's sustainable energy transition," he said. Quoting studies, he said the APG could add up to US$3 trillion (RM12.7 trillion) in gross domestic product (GDP) value by 2050 and create 1.45 million jobs regionally. The APG's success would rely on strategic funding from banks like the Asian Development Bank (ADB) and the World Bank, ensuring Asean centrality and regional autonomy. Aside from that, Tengku Zafrul said the Asean Digital Economy Framework Agreement (DEFA), now in advanced negotiations, aims to double Asean's digital economy to US$2 trillion (RM8.48 trillion) by 2030, connecting ecommerce, financial technology (fintech), digital finance, and artificial intelligence (AI)-enabled solutions across borders. In 2024, he noted that Asean's digital sector saw profits triple to US$11bill (RM46,7bil) and attracted over US$30bil (RM127.3bil) in new data centre investments. "This surge is being fuelled by our youthful population, rapid urbanisation, and robust public-private partnerships. "For example, unlocking the potential of our 334 million women, roughly half of Asean's population, could add up to US$2.3 trillion (RM9.76 trillion) to regional GDP," he added. - Bernama
