Malaysia's RHB Capital Berhad has regulatory approval from the country's Securities Commission for a multicurrency, medium-term note issue worth five billion ringgit ($1.5 billion), the company said on Wednesday.
RHB Capital, Malaysia's No. 4 lender, said its wholly owned subsidiary RHB Bank will use the proceeds to finance general working capital and to pay off borrowings.
Malaysia's central bank approved the deal in December, RHB said.
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