Luminor Financial Holdings Limited (SG:5UA) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into SG:5UA stock, check out TipRanks’ Stock Analysis page.
