Luminor Financial Holdings Limited (SG:5UA) has released an update.
Luminor Financial Holdings Limited, through its subsidiary Luminor Assets Berhad, has successfully issued Tranche 2B of its RM500 million redeemable preference shares programme, with a nominal value of RM5.6 million set to mature on 27 June 2026. The proceeds from this issuance will support the funding needs of LCM Operating Entities in their various financial services and cover expenses related to the programme. Investors will receive a cumulative dividend, which is determined based on the Malaysian overnight policy rate plus a 5% margin, payable bi-annually.
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