Luminor Subsidiary Launches Redeemable Shares Tranche

Luminor Financial Holdings Limited (SG:5UA) has released an update.

Luminor Financial Holdings Limited’s subsidiary, Luminor Assets Berhad, has successfully issued the first tranche of redeemable preference shares (RPS), raising RM18.65 million as part of its RM500 million RPS program. These shares, issued at RM1.00 each and maturing in 2026, will fund the group’s factoring, secured lending, and consumer financing businesses. The RPS will offer a dividend based on Malaysia’s overnight policy rate plus an additional 5%, providing an attractive opportunity for investors.

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