Kuala Lumpur: Affin Group made its debut in the US dollar bond market with the issuance of senior unsecured notes valued at US$300 million (RM1.27 billion). This initiative is under the bank’s US$2 billion (RM8.46 billion) euro medium term note (EMTN) programme.

According to BERNAMA News Agency, this issuance follows the establishment of Affin Group’s EMTN programme and their recent inaugural international credit rating of A3 (Stable) from Moody’s Investor Services, Inc. The notes were priced at 105 basis points over the five-year US Treasury yield, offering a fixed rate of 5.112 percent per annum and retaining Moody’s A3 (Stable) rating, which affirms the bank’s credit profile and outlook.

The issuance saw robust global demand, with the final order book exceeding US$1 billion across 67 investor accounts, a 3.5 times oversubscription. Geographically, the distribution was 87 percent to Asia, 11 percent to Europe, Middle East, and Africa (EMEA), and two percent to offshore US investors. By investor type, 72 percent of the notes were allocated to asset, fund managers/insurance, 24 percent to banks, and four percent to private banks/others.

Affin Group president and group chief executive officer, Datuk Wan Razly Abdullah, commented on the significant progression in the group’s capital markets strategy marked by this debut. He emphasized that the strong response highlights investor confidence in Affin’s fundamentals and the credibility established by the bank. Guided by the Affin Axelerate 2028 (AX28) Plan, the group is committed to long-term value through customer service, digital leadership, and responsible banking.