RHB on target as it squeezes through tight window

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By Rev Hui
30 Sep 2014

Malaysia’s RHB Bank returned to the dollar bond market by pricing a $300m five year on September 29 following a two year absence. The decision to tap the market during a volatile week was a surprise to many, but the bank was still able to meet its aggressive target.

The markets had plenty of digest in recent days, starting with the resignation of famed bond investor Bill Gross from Pimco on September 26, which caused weakness in the secondary market. The Gross incident prompted massive outflows from the firm’s investment funds and the uncertainty was compounded further ...

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