Latest news with #AffinGroup
Borneo Post
24-06-2025
- Business
- Borneo Post
Affin Bank launches Satok branch, marking confidence in Kuching's development vision
Wan Lizozman (fifth right) and Agil, on his left, and other Affin Bank officials gather for a group photo during the opening ceremony. KUCHING (June 24): Affin Bank Berhad opened a new branch in Jalan Satok yesterday, recognising the area's growing strategic importance as a commercial and administrative centre hub in the state capital. The launch was officiated by State Financial Secretary Dato Sri Dr Wan Lizozman Wan Omar, who represented Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. 'Satok has long been a central part of Sarawak's development story. 'For over four decades, the constituency was represented by the Premier. The transformation seen here ― from revitalised markets to restored landmarks like the Satok Suspension Bridge ― reflects his visionary leadership,' he said in his speech. He noted that Satok is fast becoming a key node for connectivity and commerce, given its proximity to Petra Jaya, the upcoming Kuching Autonomous Rail Transit (ART) station, and the Hikmah Exchange. The opening of the branch, he said, demonstrates Affin Bank's alignment with Sarawak's urban renewal, digitalisation, and inclusive economic growth goals. Wan Lizozman also urged the bank to continue supporting small and medium enterprises (SMEs) through targeted financing, advisory services, and digital tools, citing their vital role in the state's economic development. 'SMEs are central to Sarawak's Post-Covid-19 Development Strategy 2030. Through tailored financing, digital solutions, and advisory support, Affin can empower local business to innovate, grow, and compete,' he said. He further encouraged the bank to extend its outreach to underserved communities, particularly in rural areas, in order to strengthen financial inclusion and bridge access gaps in banking services. He said Affin's growing presence in Sarawak reflects confidence in the state's economic direction and Satok's transformation under the Premier's long-standing leadership. 'Affin's continued investment in Sarawak ― including digital platforms, SME-focused programmes, and financial literacy efforts ― can help drive the state's transformation into a high-income, innovation-driven economy by 2030. 'I am confident we are heading towards a more inclusive and digitally connected future,' he added. Also present at the launch were Affin Bank chairman Dato' Agil Natt, Affin Group president and chief executive officer Datuk Wan Razly Abdullah, as well as senior officials from Affin Group and Kuching City North Commission (DBKU). Affin Bank Dr Wan Lizozman Wan Omar new branch Satok
New Straits Times
17-06-2025
- Business
- New Straits Times
Affin earns spot on Fortune Southeast Asia 500 list again
KUALA LUMPUR: Affin Group has been named one of Southeast Asia's largest companies by Fortune for the second consecutive year, recognised for its revenue, profit, balance sheet strength, and employee base. Affin Group said in a statement that this achievement strengthens its strategic presence in the region's evolving financial ecosystem. President and group chief executive officer Datuk Wan Razly Abdullah said the group's continued inclusion in the Fortune Southeast Asia 500 list reflects its growing strength and relevance in a rapidly changing financial landscape. Wan Razly said it indicates the group is "not only keeping pace but moving ahead with focused ambition and a clear strategic agenda". "As we commemorate 50 years of Always About You, this milestone reinforces our long-term commitment to value creation. "Guided by the Affin Axelerate 2028 (AX28) Plan, we are advancing with purpose, strengthening client partnerships, unlocking new growth opportunities, and delivering impact where it matters most," he said. Further demonstrating its strong growth, Affin Group recently secured its first international credit rating of A3 with a stable outlook from Moody's Investors Service. The group also successfully debuted in the US dollar bond market, attracting strong global investor demand. The final order book exceeded US$1 billion across 67 investor accounts, representing a 3.5 times oversubscription. These achievements reflect strong investor confidence and affirm Affin's growing credibility in both regional and international markets.
The Star
04-06-2025
- Business
- The Star
Affin Group debuts in US bond market with US$300mil note issue
KUALA LUMPUR: Affin Group made its debut in the US dollar bond market with the issuance of the senior unsecured notes with a nominal value of US$300 million (RM1.27 billion) under its US$2 billion (RM8.46 billion) euro medium term note (EMTN) programme. The bank said in a statement today that the issuance follows the establishment of the EMTN programme and Affin's recent inaugural international credit rating of A3 (Stable) from Moody's Investor Services, Inc. "The notes were priced at 105 basis points (bps) over the five-year US Treasury yield, offering a fixed rate of 5.112 per cent per annum and rated A3 (Stable) by Moody's Investor Services Inc, affirming the bank's robust credit profile and stable outlook. "The issuance attracted strong global demand, with the final order book exceeding US$1 billion across 67 investor accounts, representing 3.5 times oversubscription,' it said. Affin said the distributions geographically comprised 87 per cent to Asia, 11 per cent to Europe, Middle East, and Africa (EMEA), and two per cent to offshore US investors. It said that by investor type, the notes were allocated 72 per cent to asset, fund managers/insurance, 24 per cent to banks, and four per cent to private banks/others. Meanwhile, Affin Group president and group chief executive officer Datuk Wan Razly Abdullah said the bank's debut in the US dollar bond market marks a significant progression in the group's capital markets strategy, drawing strong global investor demand. "The overwhelming response underscores investor confidence in our fundamentals and validates the credibility we have established. "Guided by the Affin Axelerate 2028 (AX28) Plan, the group remains committed to unlocking long-term value through unrivalled customer service, digital leadership and responsible banking with impact,' he added. - Bernama
New Straits Times
04-06-2025
- Business
- New Straits Times
Affin makes first foray into US dollar bond market, raises US$300mil
KUALA LUMPUR: Affin Group has raised US$300 million through its first-ever US dollar bond issuance, marking a key milestone as it taps into the global capital market. The senior unsecured notes, issued under the group's US$2 billion Euro Medium Term Note (EMTN) programme, drew strong interest from international investors, with demand exceeding US$1 billion, more than three times the offer size. Affin president and group chief executive officer Datuk Wan Razly Abdullah said the deal reflects growing investor confidence in the bank's fundamentals. "The overwhelming response underscores investor confidence in our fundamentals and validates the credibility we have established," he said in a statement. The notes were priced at a fixed rate of 5.112 per cent per annum or 105 basis points above the five-year US Treasury yield. They are rated A3 with a stable outlook by Moody's Investor Services Inc, following Affin's recent international credit rating. Most of the notes were taken up by Asian investors, accounting for 87 per cent, followed by 11 per cent from Europe, the Middle East and Africa and two per cent from offshore US accounts. By investor type, fund managers and insurers took the lion's share at 72 per cent, followed by banks at 24 per cent and private banks and others with four per cent. Affin said the EMTN programme gives it greater flexibility to raise funds in foreign currencies, supporting its broader push to grow internationally. The notes will be listed on the Singapore Exchange. Affin Hwang Investment Bank Bhd, HSBC, MUFG, and Standard Chartered are joint lead managers and bookrunners for the issuance, with DBS Bank Ltd acting as co-manager.
The Sun
04-06-2025
- Business
- The Sun
Affin Group debuts in US bond market with US$300m note issue
KUALA LUMPUR: Affin Group made its debut in the US dollar bond market with the issuance of the senior unsecured notes with a nominal value of US$300 million (RM1.27 billion) under its US$2 billion (RM8.46 billion) euro medium term note (EMTN) programme. The bank said in a statement today that the issuance follows the establishment of the EMTN programme and Affin's recent inaugural international credit rating of A3 (Stable) from Moody's Investor Services, Inc. 'The notes were priced at 105 basis points (bps) over the five-year US Treasury yield, offering a fixed rate of 5.112 per cent per annum and rated A3 (Stable) by Moody's Investor Services Inc, affirming the bank's robust credit profile and stable outlook. 'The issuance attracted strong global demand, with the final order book exceeding US$1 billion across 67 investor accounts, representing 3.5 times oversubscription,' it said. Affin said the distributions geographically comprised 87 per cent to Asia, 11 per cent to Europe, Middle East, and Africa (EMEA), and two per cent to offshore US investors. It said that by investor type, the notes were allocated 72 per cent to asset, fund managers/insurance, 24 per cent to banks, and four per cent to private banks/others. Meanwhile, Affin Group president and group chief executive officer Datuk Wan Razly Abdullah said the bank's debut in the US dollar bond market marks a significant progression in the group's capital markets strategy, drawing strong global investor demand. 'The overwhelming response underscores investor confidence in our fundamentals and validates the credibility we have established. 'Guided by the Affin Axelerate 2028 (AX28) Plan, the group remains committed to unlocking long-term value through unrivalled customer service, digital leadership and responsible banking with impact,' he added.
