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Malaysia's Hong Leong to issue dollar-denominated bonds
By Reshmi Basu
New York, June 27 - Hong Leong Bank Bhd. said it has received approval from Malaysia's Securities Commission for a proposed offering of dollar-denominated subordinated bonds.
Funds from the sale will be used for general banking and other corporate purposes.
Sources had previously told Prospect News the Kuala Lumpur-based lender was looking at a $150 million deal.
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