Leading international law firm Clifford Chance has advised Hong Leong Bank Berhad (HLB) on the establishment of its US$1.5 billion Euro Medium Term Note (EMTN) programme and its maiden drawdown of US$300 million. This is the first EMTN programme for Hong Leong Bank and proceeds will be used for general working capital and other corporate purposes.

Clifford Chance also acted on Hong Leong Bank’s US$300 million bond issuance last year, the first US dollar senior bond issuance by a Malaysian bank

Hong Leong Bank is the fourth-largest bank in Malaysia by assets and is a member of the Hong Leong Group. It is listed on Bursa Malaysia.

Singapore Capital Markets partner Johannes Juette who led the team on this transaction commented, “We’re delighted to have worked with Hong Leong Bank on its EMTN programme.  HLB’s recent acquisition of EON Capital has positioned HLB as one of the leading financial institutions in Malaysia, and we are proud to support HLB in its regional expansion.” 

Johannes was assisted by partner Joan Janssen, senior associate Tom Bidwell and associates Ryan Lin and Pui Yee Lai.